Technical Analysis for GBP/USD
According to the weekly currency analysis video, the GBP/USD pair rose from the IFVG zone around the 1.3090 level. Prices are currently moving in an upward trend on the 1-hour timeframe and are trading near the 1.3136 level. The pair is expected to continue rising today due to the current weakness in the US dollar.
On the 4-hour timeframe, prices are still maintaining higher highs, which supports the bullish outlook for the pair today.
We can also observe liquidity resting above the recent highs, which the price may attempt to grab during the European or US session.

Key Economic Events
The US dollar awaits today’s Retail Sales data and the Producer Price Index (PPI). These releases will likely impact the dollar’s movement and therefore the GBP/USD pair.

Liquidity Levels
Prices are expected to rise and target the 1.3151 level, followed by 1.3195 and then 1.3217.

Invalidation Scenario
The bullish outlook is invalidated if a 1-hour candle closes below the 1.3039 level.