GBPUSD stays above the rising trend line from 1.5124 to 1.5551 and remains in uptrend from 1.5124. Range trading between 1.5820 and 1.5967 would more likely be seen later today. Key support is now at 1.5820, as long as this level holds, another rise towards 1.6200 is still possible. However, below 1.5820 will indicate that lengthier consolidation of uptrend is underway, then deeper decline could be seen to 1.5600-1.5700 area.

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