GBPUSD broke above 1.6298 resistance, suggesting that the uptrend from 1.5344 has resumed. Further rise is still possible in a couple of weeks, and next target would be at 1.6600 area. Near term support is at the uptrend line on daily chart, as long as the trend line support holds, uptrend will continue. Key support is located at 1.5962, only break below this level could indicate that the rise from 1.5344 is complete.
For long term analysis, GBPUSD is uptrend from 1.4230, as long as 1.5296 key support holds, one more rise towards 1.8000 is still possible.
