GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.3039. As long as the price is above the trend line, the fall from 1.3549 could be treated as consolidation of the uptrend, and another rise towards 1.3657 (Sep 20 high) is still possible after the consolidation. Next term resistance is at 1.3549, a break of this level could signal resumption of the uptrend. Near term support is at 1.3425, a breakdown below this level could take price back towards the trend line now at around 1.3265. Only a clear break below the trend line support could signal completion of the uptrend.
