GBPUSD stays above a upward trend line

GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.5818. As long as the trend line support holds, uptrend could be expected to continue, and next target would be at 1.6400 area. On the downside, a clear break below the trend line will indicate that a cycle top has been formed and the rise from 1.5818 has completed, then the following downward movement could bring price back to 1.6000 zone.