FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium-term bullish channel in 1.6260 suggesting a rebound. However a break of these levels would initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6260 with a 1st objective of 1.6390, then 1.6430. A break in 1.6230 would invalidate this scenario.