Technical Analysis of GBP/USD

GBP/USD is moving in a downward trend on the four-hour timeframe. Prices rebounded downward from the 1.3535 level, which represents an FVG zone on the four-hour timeframe. Currently, prices are trading around the 1.3502 level. During the day, further downside movement is expected on GBP/USD.
The current timeframe shows continued selling pressure with lower highs forming. Trading below the FVG zone supports the bearish scenario for today.

Key Economic News:
There are no major economic news releases today; therefore, price action is expected to remain relatively calm.

Prices are expected to decline and target the 1.3404 level, followed by 1.3365.

Invalidation Scenario:
The bearish trend will be invalidated if prices visit the 1.3582 level.