GBPUSD stays above a rising trend line from 1.5124 to 1.5551 and remains in uptrend from 1.5124. As long as the trend line support (now at 1.5710) holds, we’d expect uptrend to continue and next target would be at 1.6100 area. On the downside, a break below 1.5850 could indicate that a minor consolidation of uptrend is underway, then pullback towards the trend line could be seen.

width=400