FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.4851. Hourly charts present a small ascendant channel, with the base as static short term support, right now at 1.4840.

Despite Momentum seems exhausted, bigger charts suggest a probable break higher in the next hours better above 1.4870, yesterday's high. 20 SMA also support the bullish bias.

Strong resistance level lies at 1.4960, past week maximum, followed by 1.5000 level, said Valeria Bednarik, collaborator at FXstreet.com.

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