GBPUSD remains in uptrend from 1.4831, the fall from 1.5605 is likely consolidation of the uptrend. Support is at the lower line of the price channel on daily chart, as long as the channel support holds, the uptrend could be expected to resume, and further rise to 1.5800 area is possible. On the downside, a clear break below the channel support will indicate that the uptrend from 1.4831 had completed at 1.5605 already, then deeper decline to 1.5000 area could be seen.
For long term analysis, GBPUSD is in uptrend from 1.4831. Further rise towards 1.6000 could be expected over the next several weeks.
