FX.co ★ GBP/USD Intraday Technical analysis

The spot rate approaches support through its medium-term downtrend channel at 1.5450 suggesting a rebound on this zone. However a break of these levels would result in an acceleration toward the lower limit of its channel to 1.5240.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5450 with a 1st objective of 1.5580, then 1.5630. A break of 1.5420 would invalidate this scenario.