GBPUSD is facing 1.6226 resistance, as long as this level holds, the price action in the range between 1.5874 and 1.6226 could be treated as consolidation of the downtrend from 1.6524, another fall to 1.5600 area could be expected. On the upside, a break of 1.6226 will signal completion of the downtrend, then further rise to 1.6400 area could be seen.
