FX.co ★ GBP/USD Intraday Technical analysis

The spot rate broke the intermediate resistance of its medium term bearish channel in 1.6350 leading to an acceleration. A pull back is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6350 with a 1st objective of 1.6450, then 1.6470. A break in 1.6320 would invalidate this scenario.