The British Pound/US Dollar pair remains in much the same situation as the rest of its forex trading counterparts, trading within a progressively narrower range through recent price action. It serves to note that the GBP/USD is currently challenging clear resistance at its multi-week downtrend line, and a break higher would signal that a move towards next noteworthy resistance at 1.5500 is likely. Short-term support comes in at the psychologically significant 1.5000, and a breakdown would instead imply that a drive to new lows is the more likely outcome.