GBPUSD failed to break above 1.6226 resistance, indicating that the pair remains in downtrend from 1.6524, and the sideways movement from 1.5951 could be treated as consolidation of the downtrend. Further decline to test 1.5874 support would likely be seen, a breakdown below this level will indicate that the downtrend from 1.6524 has resumed, then next target would be at 1.5600 area. Only break above 1.6226 resistance could bring price back to 1.6400 zone.
