GBPUSD extended its upside move from 1.2822 to as high as 1.3166. As long as the price is in the bullish price channel on the 4-hour chart, the pullback from 1.3166 could be treated as consolidation for the uptrend, and further rise to 1.3200 area is still possible after the consolidation. Only a clear break below the channel support could signal completion of the uptrend.
