GBPUSD remains in uptrend from 1.5490

GBPUSD remains in uptrend from 1.5490, the fall from 1.6033 is likely consolidation of the uptrend. Range trading between 1.5930 and 1.6033 is possible in a couple of days. Key support is at the upward trend line on 4-hour chart, as long as the trend line support holds, another rise could be expected after consolidation, and next target would be at 1.6100 area. On the downside, a clear break below the trend line support will indicate that the uptrend has completed at 1.6033 already, then the following downward movement could bring price back to 1.5300-1.5400 area.