Bing contained by the support of the up trend line from 1.9363 to 1.9453, GBPUSD rebounded from 1.9672 and formed a short term cycle bottom on 4-hour chart. Further rally to test 2.0029 (Apr 21 high) resistance is expected to follow. Near term support is at the up trend line and followed by 1.9672, only fall below this level will indicate lengthier correction is under way and delay the resumption of the up trend.
