GBPUSD’s pullback from 1.7062 extended to as low as 1.6952. As long as 1.6921 support holds, the fall could be treated as consolidation of the uptrend from 1.6692, one more rise towards 1.7300 is still possible after consolidation. On the downside, a breakdown below 1.6921 support will signal completion of the uptrend, then deeper decline to 1.6750 area could be seen.
