FX.co ★ GBP/USD Intraday Technical analysis

The spot rate has bounced off the lower limit of its medium-term bullish channel at 1.6000 and seems to start a return to that area. However a break of these levels would initiate a downward trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6000 with a 1st objective of 1.6110, then 1.6140. A break in 1.5970 would invalidate this scenario.