FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6771. Pound continues gaining ground, after correcting the 61.8% of this week rally, coming from 1.6615 low, to Monday high at 1.6842; current candle opening above 20 SMA with a clear bullish slope, supported by hourly indicators, point for further gains in the pair for the next sessions.
Bigger time frames support the bias, while 1.6740 should keep the downside limited, as has been a weekly highs twice since past June, turning now into a strong support level, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6740 1.6700 1.6650. Resistance levels: 1.6800 1.6842 1.6880.