FX.co ★ GBP/USD Intraday Technical analysis

The spot rate has broken through resistance level at 1.5550 and is approaching the upper limit of its downtrend channel at 1.5600. A breakout of this level will free a significant potential.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5600 with a 1st objective of 1.5650, then 1.5680. A breakthrough of 1.5580 will invalidate this scenario.