24.01.201110:37 Forex Analysis & Reviews: GBP/USD Intraday Technical analysis

Long-term review

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The spot rate is currently testing the upper limit of its medium-term bearish channel to 1.6020. A break of these levels would free up significant potential.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 1.6020 with a 1st objective of 1.6090, then 1.6120. A break in 1.5990 would invalidate this scenario.

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