GBPUSD broke out the upper line of the triangle pattern, indicating that lengthier consolidation for the long term downtrend from 1.7190 (Jul 15, 2014 high) is underway. Further rise could be expected over the next several weeks, and next target would be at 1.3500 area. Support is at 1.2600, only break below this level could bring price back to the downtrend.
