GBP/USD technical snap shot: 1.6400 is key - Scotiabank

FXStreet (Guatemala) - Eric Theoret, Currency Strategist at Scotiabank explained that the technical condition around the pound are mixed.

Key Quotes:

"GBP/USD short-term technicals: mixed—RSI has yet to break above 50, though we note that the recent break above the 21 day MA has been sustained”.

“Recent gains above 1.6400 have been challenged, highlighting this as an important level of near term resistance."