FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.5819. Clearly bearish in the hourly, pair needs to clearly break under 1.5870 support to extend the downside. Guided by 20 SMA both in 1 and 4 hours charts with s nice bearish slope, expect pair to resume downtrend under mentioned level, to 1.5820 area.
First support comes a t1.5920, while only above 1.6060 current trend could be in danger, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.5870 1.5820 1.5760. Resistance levels: 1.5920 1.5960 1.6000.