FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6322. Slightly bearish in the hourly, pair also remains in a tight range ahead of tomorrowÂ´s U.S. data. Approaching to 1.6300 and above 20 SMA that anyway remains with a bullish slope, pair needs to break under 1.6280 support to extend the downside rally.
Bigger time frames indicators also turned to the downside, yet still no clear signals coming from them. Above 1.6370, pair will likely recover past Thursday bullish bias, and extend the rally above 1.4110 area, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6310 1.6260 1.6220. Resistance levels: 1.6375 1.6415 1.6460.