The GBPUSD has ridden an ascending trend line higher throughout the month.  The cross briefly broke below the line in European trading put could not gain momentum lower.  The pair is once again resting at trend line support at 1.5520.  I would look for a confirmed 4hr break of support before shorting the cross.  If the GBPUSD manages to rally from this level we could see a move up towards 1.56.  It should be noted the pair did not rally with risk in New York.

Sup    1.5520           1.5470

Res    1.56