GBP/USD's rebound from 1.4798 extended further to as last week and further rise cannot be ruled out. But we're still expecting upside to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422, which is close to 55 days EMA (now at 1.5387) to conclude such rise as well...

http://www.actionforex.com/action-insight/...20100410110665/