GBPUSD’s upward movement from 1.4950 extended to as high as 1.5479. Support is at 1.5315, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.5500 area. On the downside, a breakdown below 1.5315 support will indicate that the uptrend is complete, then deeper decline to 1.5000 area could be seen.
