FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6415. Already above past Friday's close, pair has a bullish perspective for next hours, despite some small divergences in hourly indicators. Starting the week just above the 20 SMA in the daily chart and with momentum breaking the 100 line, pair needs to extend current upside rally above 1.6520 to confirm midterm further rises.
Failure to stay above 1.6340 area will deny the view, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6375 1.6340 1.6280. Resistance levels: 1.6440 1.6480 1.6520.