GBP/USD’s rise from 1.37111 resumed last week and reached as high as 1.4295. Initial bias stays on the upside this week for 1.4345 high first. Firm break there will resume medium term rally and target 61.8% projection of 1.3038 to 1.4345 from 1.3711 at 1.4519 next. On the downside, below 1.4220 minor support will turn intraday bias neutral again. But retreat should be contained well above 1.3964 support to bring another rally.