FX.co ★ GBP/USD Intraday Technical analysis

The spot rate has bounced on the lower limit of its medium term bearish channel in 1.5320 and approach to the intermediate resistance of this one in 1.5470. A break of these levels would allow it to reach the upper limit of its channel to 1.5640.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5470 with a 1st objective of 1.5580, then 1.5640. A break in 1.5440 would invalidate this scenario.