FX.co ★ GBP/USD Intraday Technical analysis

Since yesterday the spot rate has been testing the upper limit of its medium-term bullish channel at 1.5490 and seems to be starting to decline. A break of these levels would free up significant potential and begin a more violent upward trend .

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 1.5490 with a 1st objective of 1.5560, then 1.5580. A break of 1.5460 would invalidate this scenario.