FX.co ★ GBP/USD Intraday Technical analysis

The pair has accelerated violently yesterday to the upper limit of its medium-term bullish channel and this seems to make a pull back on its support through to 1.6190. However a break of these levels would entail a return to the lower limit of its channel to 1.6130.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6190 with a 1st objective of 1.6260, then 1.6290. A break in 1.6160 would invalidate this scenario.