GBPUSD’s upward movement from 1.5272 extended to as high as 1.6150. Further rise is still possible after a minor consolidation, and next target would be at 1.6400-1.6500 area. Support is now at 1.6000, as long as this level holds, uptrend will continue.
For long term analysis, GBPUSD had formed a cycle bottom at 1.5272 on weekly chart. Further rise towards 1.7000 would likely be seen over the next several weeks.
