FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is currently testing the lower limit of its bullish wedge in 1.6310 suggesting a rebound. However a break of these levels would free a large potential of drop and start a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6310 with a 1st objective of 1.6420, then 1.6450. A break in 1.6280 would invalidate this scenario.