It is likely to attempt nearer support at 1.9588 for extending further to below 1.9504 while below 1.9671 - 1.9723 area. Rise above 1.9765 would dampen this bearish expectation.
GBP-USD
Current fall is near an end of wave around 1.9479 - 1.9504 zone, a rally should then procede to above 1.9597 or 1.9621. Fall below 1.9461 would cancel this scenario.
GBP-USD
It should test 1.969 area after which a sell off down to 1.9498 or extended to 1.9412 area is expected.
GBP-USD
Current rise seems to be over near 1.9717 or 1.9777 for a retracement towards 1.9657 - 1.9619 area.
GBP-USD
While below 1.9811 it is more likely to fall further towards 1.9712 or 1.9682. Premature rise above 1.9811 could see it rising above 1.9870 zone.
I will most likely look for a short in the GU for the upcoming week.
James IB pattern can be seen in the daily chart. Plus a series of resistance made by the past week high. A long looks good if only price manages to break the week high. 
if the current fundamental situation continues, we could easily see a revisit to 1.3535, IMO. The technicals I research are hinting to this as well, so… we will see.
Good Pippin,
Chubs
EURUSD rises, however I think this is a technical retracement and maintain a short on the pair while Strong resistance can be seen at 1.4600 on GBPUSD
The negative trading conditions and the weakening of the dollar have seen the gbpusd trade higher throughout yesterday�s trading session as we near crucial levels. A cap at 1.4774; a move past this level would head for a strong resistance at 1.4963.
This said, expect a zigzag move to find support at 1.4683, with persistent dollar bulls (subsiding of Swine flu fears) push for 1.4626 then 1.4517.
GOOD TRADING PEOPLE!!:D:)
GBPUSD : Sell 1.5800 T/P : 1.5720