GBP/USD's consolidation from 1.6274 is still in progress and another rise cannot be ruled out. But after all, upside is expected to be limited by 1.6663 resistance and bring fall resumption. Below 1.6375 minor support will flip intraday bias back to the downside and further break of 1.6274 will indicate that decline from 1.7043 has resumed. Prior break of 1.6338 support serves as an important alert that a medium term top is in place at 1.7043. Below 1.6274 will target 1.5983 support to confirm the bearish case. However, note that sustained break of 1.6663 will firstly suggest that whole fall from 1.7043 has completed and will open up the case for stronger rally to retest this high. In the bigger picture, the sharp reversal from 1.7043 argues that whole rise from 1.3654 has possibly completed with five waves up already, on bearish divergence condition in daily MACD and RSI. Break of 1.6338 support affirms this case and turns focus to 1.5983 support for confirmation. Also, note that, whole rise from 1.3503 is treated as correction to down trend from 2.1161 only is expected to conclude inside resistance zone of 1.6428/7332 (38.2% and 50% retracement of 2.1161 to 1.3503). Completion of rise from 1.3654 will also indicate that such correction from 1.3503 has completed too. In such case, deep decline should be seen to send GBP/USD through 1.3503 low eventually. On the upside, in case of another rise, we'd continue to monitor for reversal signal as GBP/USD approaches 1.7332 fibo resistance.