FX.co ★ GBP/USD Intraday Technical analysis

The spot rate approaches the upper limit of its medium-term bearish channel at 1.5990. A break of these levels would free up 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 in 1.5990 with a 1st objective of 1.6070, then 1.6090. A break in 1.5970 would invalidate this scenario.