FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is currently testing the intermediate support of its medium-term bullish channel in 1.6005 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.5960.

According to previous events, the market indicates a bullish opportunity on the levels of 1.6005 with a 1st objective of 1.6075, then 1.6100. A break in 1.5985 would invalidate this scenario.