GBP/USD Analysis (August 31)

Considering the last day closing, we expect a test of the ascending trendline at 1,6250. A break below the daily channel would negate the bullish outlook.
We now need to see a break back above 1,6460 to allow a continuation to the upside with a following target at 1,67 (weekly upper bollinger band).
Inversely, a break below 1,62 over the coming days would expose further decline on the pair.