The GBP/USD remains in downtrend from 1.5605. The rise from 1.5014 is treated as consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to resume and another fall to 1.4900 area is still possible after consolidation. On the upside, a clear break above the channel resistance will indicate that the downward movement from 1.5605 had already completed at 1.5014, then the following upward movement could bring the price back to the 1.5400 - 1.5500 area.