FX.co ★ GBP/USD Intraday Technical analysis

The spot rate broke the intermediate support of its medium-term bearish channel and is currently testing the lower limit of this one at 1.6030 suggesting a rebound in the short term.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6030 with a 1st objective of 1.6100, then 1.6140. A break in 1.6010 would invalidate this scenario.