FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium term bearish channel in 1.6105 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 1.6105 with a 1st objective of 1.6190, then 1.6230. A break in 1.6090 would invalidate this scenario.