Technical Analysis of GBP/USD

GBP/USD is moving in a bullish direction on the four-hour timeframe. Price has formed a buying zone around the 1.3451 level, and a positive price reaction from this area is required to initiate buying positions. Currently, price is trading around the 1.3481 level, and further upside movement is expected during today’s session.
This bullish move is supported by the formation of higher lows on the same timeframe, along with price stability above previous demand zones. Momentum remains positive, supporting the continuation of the upward move in the coming sessions.

Major Economic News:
There are currently no important economic news releases affecting the British pound or the US dollar, therefore price action is expected to remain orderly.

Liquidity Levels:
Prices are expected to rise targeting the 1.3515 level, followed by the 1.3565 level.

Scenario Invalidation:
The bullish scenario will be invalidated if price visits the 1.3410 level.