FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is now testing the intermediate support of its medium-term bullish channel at 1.6150 suggesting a rebound in the short term. But as a break of its short term bearish channel has not made the upside potential is limited.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6150 with a 1st objective of 1.6230, then 1.6260. A break in 1.6130 would invalidate this scenario.