FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.6190. A break of these levels would free up significant potential and begin a more violent rising trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6190 with a 1st objective of 1.6270, then 1.6300. A break in 1.6170 would invalidate this scenario.