FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is testing support through its medium-term downtrend channel at 1.5450 suggesting a rebound in the short term. However a break in this area would entail a return to the lower limit of its channel to 1.5270.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5450 with a 1st objective of 1.5570, then 1.5610. A break in 1.5420 would invalidate this scenario.