GBPUSD is facing the support of the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend from 1.5854 (Nov 12, 2013 low) could be expected to resume, and another rise towards 1.7000 is still possible. On he downside, a clear break below the channel support will indicate that the uptrend from 1.5854 had completed at 1.6593 already, then the following downward movement could bring price back to 1.6100 zone.
