FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6616. Holding above 1.6600 support, hourly indicators had turned bearish, with price breaking under 20 SMA; yet the MA is exactly at the 1.6600 zone in 4 hours charts, so the pair will need to clearly move under that level, an confirm with a candle opening, to extend downside correction.

4 hours charts are clearly bearish, yet sentiment remains to be the main market driver these days. Above 1.6660, chances of further falls dilute, and the pair will likely regain the upside, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6600 1.6550 1.6520. Resistance levels: 1.6660 1.6700 1.6740.