GBPUSD is in downtrend from 1.6182, the rise from 1.5790 is likely consolidation of the downtrend. Resistance is located at the downward price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to resume, and next target would be at 1.5600 area. However, a clear break above the channel resistance will indicate that the downtrend had completed at 1.5790 already, then further rise to 1.6100 area could be seen.
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