GBPUSD stays in a trading range between 1.5801 and 1.6662. The price action in this range is more likely consolidation of uptrend from 1.3654. Further rally is still possible after consolidation and a break above 1.6662 level will indicate that the uptrend from 1.3654 has resumed, then the next target would be at 1.7000-1.7500 area.
For long term analysis, GBPUSD is in consolidation of the long term downtrend from 2.1161 (2007 high). Rebound to 1.7000-1.7500 area to reach the next cycle top on weekly chart is expected.