FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.5958. Slightly bullish in the hourly chart, supported by rising risk appetite in first Asian hours, pair is breaking above flat 20 SMA in the hourly chart, while CCI cutting the 0.00 level support some more upside coming in next hours.
However, pair needs to regain the 1.6020 zone to call for more upside ahead; 4 hours par show pair still bearish, while 20 SMA lies at 1.5960 acting as dynamic resistance, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.5920 1.5870 1.5820. Resistance levels: 1.6000 1.6020 1.6060.