GBP/USD Analysis (August 9)

As long as 1,6220 is not broken, we will consider a possible bullish resumption after a 38% retracement of the recent rally started in July 12.
In this event, a break above 1,6480 is required to allow a continuation towards 1,6650 (weekly bollinger band).
Inversely, a break below 1,6220 would open the door for a setback towards the 1,59 area.