FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.5907. Pound keeps regaining some upside strength, yet mostly due to corrective movements both in EUR/GBP and GBP/JPY; slightly bullish in the hourly chart, with 20 SMA acting as dynamic support, pair needs to clearly overcome the 1.5930 area to extend the upside movement, with next resistances at 1.5970 and 1.6020 area.
Under 1.5840, pair should resume downtrend and extend current movements to the downside, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.5880 1.5840 1.5790. Resistance levels: 1.5930 1.5970 1.6020.