GBPUSD is in sideways consolidation in a narrow range between 1.7445 and 1.7707 on 4-hour chart. Further rebound towards the down trend line is still possible later today. As long as the trend line resistance holds, we’d expect down trend to resume, and deeper decline could be seen to 1.7000 zone. Only rise above the trend line resistance will take price back towards 1.7974 level.
