FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6230. Consolidating under the daily ascendant trend line broken past Wednesday indicators point for some upside correction in the next hours, thus general bias remains strongly bearish in the pair.
Bigger time frames also seem exhausted to the downside, thus 1.6275 resistance level will likely hold and made pair retreat. Under 1.6200, further upside movements will be deny for current session, and pair likely to retest the 1.6160 area, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6200 1.6160 1.6110. Resistance levels: 1.6275 1.6310 1.6350.