GBP/USD Analysis (July 31)

The Cable is evolving in a weekly range between roughly 1,59 and 1,66. A few weeks ago, the pair has bounced on top of the bottom of this range.
Considering the latest price actions and the strong bullish momentum, the market is poised to reach the 1,66 area over the coming sessions.
Only a break back below 1,6260 (last week low) would leviate the downside pressure with a setback towards 1,6160 (daily 20 moving average) before maybe a possible reversal.