FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6254. Gbp remains under pressure, having reached the base of the past 4 months range around 1.6200 early Asia, from where the pair rebounded; still, the upside remains limited with hourly charts showing strong 20 SMA bearish slope, and indicators unable to gain momentum.
Bigger time frames support further falls under mentioned support zone, with 1.6100 area as key: break under that level in the next hours, could confirm further falls in the days ahead, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6200 1.6160 1.6100. Resistance levels: 1.6280 1.6330 1.6375.