GBPUSD is facing 1.6996 resistance, a break above this level will indicate that the uptrend from 1.4813 (Jul 9, 2013 low) has resumed, then the following upward movement could bring price to 1.7300 area. Near term support is at 1.6910, only break below this level will indicate that lengthier sideways movement in a range between 1.6692 and 1.6996 is underway, then deeper decline to 1.6750 area could be seen.
