GBPUSD is facing the support of the rising trend line on its 4-hour chart. As long as the trend line support holds, the fall from 1.4345 could be treated as consolidation of the uptrend from 1.3458, and another rise towards 1.4500 is still possible after the consolidation. Near term resistance is at 1.4345, a breakout of this level could signal resumption of the uptrend. On the downside, a clear break below the trend line will indicate that the uptrend had completed at 1.4345 already, then the pair would find next support level at 1.4000, followed by 1.3800.
