GBPUSD’s bounce from 1.6337 extended to as high as 1.6497. Further rise to test 1.6593 previous high resistance could be expected, a break above this level could signal resumption of the uptrend from 1.5854 (Nov 12, 2013 low). Key support is now at 1.6337, only break below this level 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.
