GBPUSD continued its sideways movement in a range between 1.5874 and 1.6226. Resistance is at 1.6226, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.6524, another fall to 1.5600 area could be expected after consolidation. On the upside, a break above 1.6226 resistance will indicate that the downtrend had completed at 1.5874 already, then further rise to 1.6400 area could be seen.
