FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.63939. Pair fell to the 1.6325 support area, where 200 EMA is capping the downside. Hourly indicators suggest some bottoming at such level, yet further rises seem limited in the pair.
Under 20 SMA that turned bearish, bigger time frames also turned slightly bearish; watch for a break under 1.6220 to confirm further falls for the net sessions, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6320 1.6270 1.6220. Resistance levels: 1.6410 1.6445 1.6480.