GBPUSD consolidates in a narrow range between 1.4983 and 1.5372. As long as 1.4983 level holds, we’d expect uptrend to resume, and further rally could be expected to retest 1.5722 previous high resistance. However, a break above 1.5372 level is needed to confirm the resumption of the short term bullish movement. On the other side, below 1.4983 will indicate that lengthier consolidation of the short term uptrend from 1.4350 is underway.
