FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6286. Gbp continues under pressure despite yesterday's recovery, approaching quickly to key 1.6240 area where we also found 200 EMA in 4 hours charts. Hourly indicators show pair has room to extend to the downside, with current candle opening under 20 SMA.
Bigger time frames indicators support the downside bias, so expect acceleration under mentioned 1.6240 level. Pair needs to regain 1.6440 to deny previous perspective, not seen for next session, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6280 1.6240 1.6185. Resistance levels: 1.6310 1.6350 1.6390.