FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6507. Despite early approach to the 1.6600 area, pair failed to close the day above key 1.6520 resistance level, and seems that, despite dollar bearish momentum pound will wait for BOE before setting a clear trend.

Hourly charts show pair fighting the 20 SMA while indicators look bearish, so watch for a confirmation under 1.6475 area, to see the pair extend the fall. Above 1.6520, and following market sentiment, pair could retest the 1.6580 zone, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6480 1.6440 1.6410. Resistance levels: 1.6520 1.6570 1.6610.

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