GBPUSD stays in a rising price channel on the daily chart and remains in the uptrend from 1.1409. As long as the channel support holds, the pullback from 1.3482 could be treated as corrective consolidation for the uptrend, and another rise towards 1.3800 could be expected after the consolidation. On the downside, a breakdown below the channel support would indicate that the upside movement had completed at 1.3482 already, then further decline to 1.2000 area could be seen.
