FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium-term bearish channel at 1.6230 and seems to start a rebound. It is now approaching its intermediate resistance to 1.6310. A break of these levels would free up significant potential.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6310 with a 1st objective of 1.6420, then 1.6460. A break in 1.6280 would invalidate this scenario.