FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6584. Pair failed again to break the strong 1.6480/6510 congestion support area, still capped in the hourly by 200 EMA. With no clear coming from hourly charts, as candles have a slightly bullish bias, while indicators seem exhausted to the upside.

Bigger time frames favor some upside recovery, thus limited by bearish 20 SMA in the 4 hours charts around 1.6660.

Clear break and acceleration under 1.6480, will likely send the pair lower in the next sessions, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6550 1.6510 1.6480. Resistance levels: 1.6590 1.6620 1.6660.