GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2164. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.2800 area. On the downside, a breakdown below the trend line support would indicate that the upside movement is complete, then another fall to 1.2300 area could be seen.
