GBPUSD stays in a rising price channel on daily chart and remains in uptrend from 1.5344. As long as the channel support holds, uptrend could be expected to continue and next target would be at 1.6500 area. However, a clear break below the channel support will indicate that a cycle top is being formed on daily chart, then pullback to 1.5700 area could be seen to follow.
For long term analysis, GBPUSD is uptrend from 1.4230, as long as 1.5296 key support holds, one more rise towards 1.8000 is still possible.
