Being contained by 1.9337 (Jan 22 low) support, GBPUSD rebounds from 1.9363 level. Sideways consolidation in a range between 1.9363 and 1.9633 could be seen before breaking below 1.9337 level. Initial resistance is at 1.9633, a break of this level will signal reversal to the down trend.
http://blog.forexcycle.com/764/daily...s-may-15-2008/