GBP/USD rebounds sharply, eyes channel top – Société Générale

  • GBP/USD has bounced strongly from the 50-day moving average, clearing a key pivot and approaching the top of its multi-month channel. While the rally appears extended, technical signals suggest limited downside for now, with key targets seen at 1.3270 and 1.3390/1.3430, Société Générale's FX analysts note.