FX.co ★ GBP/USD Intraday Technical analysis

The spot rate approaches the lower limit of its medium-term bullish channel to 1.6070 suggesting a rebound in the short term. 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 1.6070 with a 1st objective of 1.6190, then 1.6230. A break in 1.6040 would invalidate this scenario.