FX.co ★ GBP/USD Intraday Technical analysis

The spot rate has rebounded on the lower limit of its short term bearish channel at 1.6270 and approaches the upper limit of this one to 1.6430. A break of these levels would free up significant potential and begin a new trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6430 with a 1st objective of 1.6520, then 1.6540. A break in 1.6410 would invalidate this scenario.