FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6406. Consolidating just above 1.6400, hourly charts frame indicators gave no clear clues for next hours, although bigger time frames seems a bit exhausted to the downside, suggesting some upside correction before next leg down.

Immediate support at 1.6360/70 area should offer some rebound, at least at a first attempt; break under will turn pair bearish in the term. Upside corrections should remain capped at 1.6440/1.6480 resistances, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6400 1.6365 1.6320. Resistance levels: 1.6440 1.6480 1.6520.

.