FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is currently testing the upper limit of its long-term downtrend channel to 1.5670. A break of this area would free a significant potential and begin an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 1.5670 with a 1st objective of 1.5750, then 1.5790. A break of 1.5650 would invalidate this scenario.