GBPUSD is facing the resistance of the downward trend line from 1.5776 to 1.5721. As long as the trend line resistance holds, we’d expect the downtrend to resume, and another fall towards 1.5000 is still possible. However, a clear break above the trend line resistance will suggest that the downtrend from 1.5776 has completed at 1.5393 already, then the following upward movement could bring price to 1.6000 zone.
