FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6316. Gbp opened lower after past week late recovery to the 1.6400 area. Still in range, pair needs to clearly break under the 1.6200 level to turn bearish, while above mentioned highs could extend the upside.
4 hours indicators still look a bit exhausted to the upside thus 20 SMA remains strongly bullish. Above 1.6350 area, first static resistance level, pair could regain the 1.6400 area ahead of 1.6470 stronger level, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6260 1.6230 1.6200. Resistance levels: 1.6350 1.6400 1.6470.