GBP/USD analysis (July 20)

The Pound has found some support on top of 1,60 over the last 2 days. The pair is still well capped by its daily descending trendline but a break above 1,62 might validate a bullish resumption with a next target at 1,65.
1,60 will be the key level to watch on the downside. A break below this support would expose a new test of 1,59.
The GBP crosses will be highly watched this morning ahead of the BoE minutes (08:30 GMT) which is always a good market mover.