FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6358. After bottoming around 1.6300, pair has turned slightly bullish in the hourly charts, still under 20 SMA that continues turning to bearish. Bigger time frames remain strongly bearish, so consider current upside movement corrective, as long as under key 1.6400 resistance zone.
Pair needs to clearly break above to extend the upside rally, to next resistance around 1.6450 area, ahead of yesterday's high around 1.6480. Not seen, only above 1.6520 pair could change bias and turn bullish, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6330 1.6300 1.6250. Resistance levels: 1.6400 1.6445 1.6480.