FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.5857. Pound hold the bearish tone, yet hourly charts suggest some upside correction ahead of another leg dow. Hourly indicators seem to have bottomed, yet 1.5860/70 strong resistance area, should keep the upside limited.
Only a clear confirmation above that level, could extend upside correction close to next key resistance level 1.5920.
Under 1.5825, current low, next supports come at 1.5800, and 1.5760 zone, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.5825 1.5800 1.5760. Resistance levels: 1.5870 1.5920 1.5960.