FX.co ★ GBP/USD Intraday Technical analysis

The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.5605 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1.5540.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5605 with a 1st objective of 1.5680, then 1.5700. A break in 1.5585 would invalidate this scenario.