FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6423. Quoting under past Friday's low, pair holds a bearish bias as hourly indicators support so; bigger time frames indicators are looking strongly bearish, with price developing under 20 SMA at 1.6440, first resistance for next hours.
Hovering around 200 EMA in the hourly, current candle close under 1.6405 will favor further falls in the pair for this Asian session, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6405 1.6380 1.6340. Resistance levels: 1.6440 1.6485 1.6520.