Technical Analysis for GBP/USD

The GBP/USD pair continues to move in a downward trend on both the 4-hour and 1-hour timeframes. Prices have declined from the Order Block (OB) area on the hourly chart around 1.3420.
The bearish outlook is expected to persist today due to the strength of the US dollar, especially with the DXY index stabilizing above 98.60, which reinforces the dollar’s dominance against major currencies.
Currently, the pair is trading near 1.3350, and if this level is broken, we may see an acceleration in the decline toward the next targets.
Additionally, there is weak buying momentum and the price is failing to form higher lows, which supports the continuation of the bearish trend.

Key Economic Events

No major news is scheduled today for either the British Pound or the US Dollar, suggesting that the price movement is likely to remain relatively calm during the European and US sessions.

Liquidity Levels

Prices are expected to continue falling and target 1.3325, followed by 1.3261, which represent potential demand zones where short-term pullbacks could occur before resuming the downtrend.

Invalidation Scenario

The bearish scenario would be invalidated if prices revisit 1.3438, indicating weakening selling pressure and a possible return to sideways movement for the pair.