Price bounced at key support putting in a Bullish engulfing candle in the 4h chart which broke and closed outside of the minor downward sloping trend line - Next week provides the opportunity to initiate longs on a re-test of the broken trend line with a view to the 1.31400 level as the next key area of resistance to the upside and the first significant target for any long positions taken in the GBPUSD next week.