GBPUSD remains in downtrend from 1.7190, the rise from 1.6809 is likely consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to resume, and next target would be at 1.6700 area. Only break above the trend line resistance will indicate that the downtrend had completed at 1.6809 already, then further rise to 1.7000 area could be seen.
