GBPUSD is facing 1.6735 support, a breakdown below this level will signal completion of the uptrend from 1.6692, then the following downward movement could bring price to 1.6600 area. On the upside, as long as 1.6735 support holds, the fall from 1.6844 could be treated as consolidation of the uptrend, another rise to 1.6900 – 1.6950 area is still possible.
