GBPUSD formed a cycle top at 1.5715 on 4-hour chart. Deeper decline towards 1.5327 previous low would likely be seen later today, as long as this level holds, the price action from 1.5327 is treated as consolidation of downtrend from 1.6617, and one more rise towards 1.5800 is still possible. On the other side, a breakdown below 1.5327 will signal resumption of downtrend, then another fall towards 1.5000 could be seen.
