GBPUSD’s upward movement from 1.6692 extended to as high as 1.6958. Further rise to test 1.6996 resistance could be expected, a break of this level will signal resumption of the longer term uptrend from 1.4813 (Jul 9, 2013 low), then next target would be at 1.7300 area. Near term support is at 1.6885, only break below this level will indicate that lengthier sideways movement in a range between 1.6692 and 1.6996 is underway, then another fall towards 1.6692 could be seen.
