GBPUSD remains in downtrend from 1.6524, as long as 1.6340 resistance holds, the downtrend could be expected to continue, and next target would be at 1.6100 area. On the upside, a break above 1.6340 resistance will indicate that the downtrend is complete, then further rise towards 1.6700 could be seen.
![gbpusd chart](https://www.forexcycle.com/wp-content/uploads/2014/20140930_GBPUSD_1.png)