Technical Analysis for GBP/USD

The GBP/USD pair is moving in a downtrend on both the 4-hour and 1-hour timeframes. Prices successfully broke below the 1.3325 level, forming an FVG area on the 4-hour chart, which suggests a potential continuation of the bearish move. This decline is also supported by the current strength of the U.S. dollar.
Furthermore, continued trading below the 1.3340 zone reinforces the bearish outlook, especially if prices fail to recover above 1.3360 in the coming sessions. Breaking below the recent low may push prices further downward in the short term.

Key Economic News
The U.S. dollar awaits today’s Inflation Expectations and Consumer Sentiment data from the University of Michigan, which are expected to influence the GBP/USD pair.

Liquidity Levels
Prices are expected to decline and target the 1.3261 level, followed by 1.3140.
The bearish scenario will be invalidated if prices revisit the 1.3395 level.