FX.co ★ GBP/USD Intraday Technical analysis

The spot rate approaches to the lower limit of its medium term bearish channel in 1.5440 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 1.5440 with a 1st objective of 1.5540, then 1.5570. A break in 1.5410 would invalidate this scenario.