GBPUSD failed in its attempt to break below the bullish trend line on the daily chart once again and rebounded from 1.3301. Further rise to test 1.3657 resistance would likely be seen next week. A breakout of this level will indicate that the uptrend from 1.1946 (Oct 7, 2016 low) has resumed, then the following upside movement could take price to 1.4000 area. On the downside, a clear break below the trend line support could bring price back to test 1.3027 support. Below this level will confirm that the uptrend had completed at 1.3657 already, then deeper decline to 1.2589 support could be seen. Below this level would aim 1.1946 previous low.
