GBPUSD broke above 1.6400 previous high and reached as high as 1.6427, 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 zone. Support levels are at 1.6255 and 1.6200.
For long term analysis, GBPUSD is in uptrend from 1.4230, as long as 1.5296 key support holds, further rise towards 1.8000 is still possible.
