GBP/USD Daily Outlook

GBP/USD's rally lost momentum after hitting 1.6744 and made a temporary top there. Some consolidations could be seen now but downside is expected to be contained by 1.6431 support and bring rally resumption. Above 1.6744 will target 100% projection of 1.5343 to 1.6400 from 1.5935 at 1.6992, which is close to 1.7 psychological level and 1.7043 key resistance.