GBPUSD moved sideways in a range between 1.6219 and 1.6481 for several days. As long as 1.6219 key support holds, the price action in the range could be treated as consolidation of the uptrend from 1.5854, another rise towards 1.7000 is still possible after consolidation. On the downside, a breakdown below 1.6219 support will indicate that the uptrend from 1.5854 had completed at 1.6481 already, then deeper decline to 1.6000 area could be seen.
