FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6269. Pound remains under selling pressure after beginning the week clearly under 1.6300 level. Hovering around 1.6275 level, pair could attempt a short term recovery in the next hours, as 20 SMA in 4 hours charts around 1.6250 is holding the downside.

Bigger time frames remain bearish expect the upside to remain limited by 1.6360 highs of past Friday, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6250 1.6210 1.6160. Resistance levels: 1.6300 1.6330 1.6360.

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