GBPUSD hits upside target against trend line resistance.  There is an intersection of the broken upward channel trend line  and the downward sloping line connecting the high from April 30 2012 and the high from earlier in the month on June  20th.  On a break the 200 day MA 1t 1.5748 becomes the next key target.

Looking at the hourly chart (see below). The volatile price correction off the high stalled near the 100 hour MA (blue line in chart below) and the 50% retracement (1.55726 low  vs 1.55805).  Since bottoming the pair has rebounded above the 200 hour MA currently at the 1.56197 level (green line in the chart below).   This is now support for the bulls/buyers. 

Watching 1.5680 above. Key level.