GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3027. As long as the trend line support holds, the fall from 1.3337 could be treated as consolidation of the uptrend and further rise towards 1.3455 is still possible after the consolidation. Near term resistance is at 1.3337, a breakout of this level could signal resumption of the uptrend. On the downside, a clear break below the trend line support will indicate that the upside movement had completed at 1.3337 already, then the following bearish movement could bring price back towards the bullish trend line on the daily chart.
