FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6488. Pair failed to hold above 1.6500 and is pushing trough past Friday's low around current levels. 20 SMA above current price with a bearish slope support the downside continuation. Immediate support lies at 1.6440, ascendant trend line coming from March lows.
If broken expect the pair to gain stronger downside momentum, said Valeria Bednarik, collaborator at FXstreet.com. Pair needs to clearly break above 1.6520 to change bias for the next hours.
Support levels: 1.6480 1.6440 1.6380. Resistance levels: 1.6520 1.6550 1.6590.