GBP/USD Current price: 1.6146Pound maintains the status of being - TopicsExpress

GBP/USD Current price: 1.6146Pound maintains the status of being the strongest currency across the board, and trades a few pips above Friday’s high against the greenback. The hourly chart shows price well above a still bullish 20 SMA, with RSI heading slightly higher near 70 and momentum diverging strongly from price, retracing from overbought territory and nearing the 100.00 level. In the 4 hours chart indicators also lose upward potential and turn south, although there’s little room for slides as long as 1.6100 holds. Further upside acceleration should see the pair reaching 1.6240 price zone, where several weekly highs and low converge to offer resistance. Support levels: 1.6100 1.6060 1.6020 Resistance levels: 1.6160 1.6200 1.6240

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