FX.co ★ GBP/USD Intraday Technical analysis

The spot rate approaches the intermediate support of its medium-term bullish channel to 1.6180 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.5990.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6180 with a 1st objective of 1.6280, then 1.6320. A break in 1.6150 would invalidate this scenario.