GBPUSD extended its upside movement from 1.2774 to as high as 1.3405, facing the resistance level at 1.3444. Near term support is at the bullish trend line on the 4-hour chart. As long as the price is above the trend line, the upside move could be expected to continue and a break of 1.3444 resistance could take price to next resistance level at 1.3700. Key support is now at 1.3153, only a breakdown below this level could signal completion of the uptrend.
