FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6549. Hourly charts show pair forming a small continuation figure, with key 1.5520 static support as base. Hourly indicators look a bit exhausted to the upside after last American session rally, while bigger time frames ones remain strongly bullish.

As long as mentioned level hold, the bias for the pair is to the upside; corrections could extender further if 1.6520 gives up, with a likely target int 1.6440 area, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6520 1.6480 1.6440. Resistance levels: 1.6600 1.6640 1.6690.