After breaking below 1.5272 previous low, GBPUSD rebounded strongly from 1.5236, suggesting that a cycle bottom has been formed on daily chart. Further rise could be seen over the next several weeks, and the target would be at 1.6000 area.
For long term analysis, GBPUSD is in downtrend from 1.6745, further fall towards 1.4500 could be seen over the next several months.
