FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium term bearish channel in 1.6250 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6250 with a 1st objective of 1.6350, then 1.6380. A break in 1.6220 would invalidate this scenario.