GBPUSD continues its sideways movement in a range between 1.6219 and 1.6481. Key support is at 1.6219, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.5854, one more 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 the following downward movement could bring price back to 1.6000 zone.
