FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is currently testing the resistance level through its medium-term bullish channel at 1.5630. A breakout of this zone will allow the pair to reach the upper limit of its channel at 1.5680.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5630 with a 1st objective of 1.5680, then 1.5720. A breakthrough in 1.5610 afterward will invalidate this scenario.