FX.co ★ GBP/USD Intraday Technical analysis

The spot rates approaches the upper limit of its medium-term bullish channel to 1.6800 suggesting a decline. However a break of these levels would initiate a more violent bullish trend.

According to previous events, the market indicates a bearish opportunity on the levels of 1.6800 with a 1st objective of 1.6690, then 1.6650. A break in 1.6830 would invalidate this scenario.