FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6833. Pound continues struggling around the 50% retracement of the monthly fall from 2.0150 to 1.3502, with hourly indicators showing some signs of exhaustion at this point, yet with the downside seen quite limited.

20 SMA with a strong bullish slope as well as bigger time frames indicators, support further rises in the pair, and an acceleration likely to take place if the pair manages to confirm above the 1.6840 area, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6810 1.6740 1.6690. Resistance levels: 1.6840 1-6880 1.6930.