Technical Analysis of GBP/USD
GBP/USD is moving in an upward trend on the daily and 4-hour timeframes. Prices rebounded higher from the 1.3599 level, which represents an OB zone on the 4-hour timeframe. Further bullish movement is expected for GBP/USD during today’s session.

Prices are also trading above the major moving averages, supporting the continuation of the bullish trend in the upcoming sessions.
The pair is showing positive stability near current support levels, increasing the probability of targeting higher liquidity zones.

Economic News
There are no major economic news releases for the US Dollar today, but calm market conditions are expected ahead of tomorrow’s CPI data release.

Upcoming Liquidity Levels:
Prices are expected to rise toward 1.3636, followed by 1.3658.

Scenario Invalidation:
The bullish scenario will be invalidated if price reaches 1.3580.