FX.co ★ GBP/USD Intraday Technical analysis

The spot rate broke the lower limit of its medium term bearish channel in 1.5530 leading to an acceleration. A pull back on these levels is expected before a resumption of bearish.

According to previous events, the market indicates a bearish opportunity on the levels of 1.5530 with a 1st objective of 1.5450, then 1.5430. A break in 1.5550 would invalidate this scenario.