GBPUSD breaks above 1.5605 resistance, suggesting that the uptrend from 1.4831 has resumed. Further rise could be expected in a couple weeks, and next target would be at 1.5900 area. Support is at 1.5400, only break below this level could signal completion of the uptrend from 1.5008.
For long term analysis, GBPUSD is in uptrend from 1.4831. Further rise towards 1.6000 could be expected over the next several weeks.
