GBPUSD remains in uptrend from 1.5268. Further rise could be expected after a minor consolidation, and next target would be at 1.6000. Support is at 1.5750, only break below this level could indicate that a cycle top is being formed at 1.5911 on daily chart, then pullback to the lower line of the price channel could be seen.
For long term analysis, GBPUSD had formed a cycle top at 1.6301 on weekly chart. Further decline to 1.4500 area is expected over the next several weeks.
