FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.5957. As expected after starting the day under key 1.6110 area, neck of the head and shoulder figure clear in daily chart, pair quickly extend the downside movement reaching 1.5915 before retreating to current zone.
Hourly charts show the pair remains strongly bearish, as well as bigger time frames, with no signs or exhaustion or change for the next hours, said Valeria Bednarik, collaborator at FXstreet.com. Under mentioned 1.5915, next supports lie at 1.5860 and 1.5810 area, while any recovery attempt should remain capped under 1.6110.
Support levels: 1.5915 1.5860 1.5810. Resistance levels: 1.5970 1.6010 1.6060.