Technical Analysis of GBP/USD
GBP/USD is moving in a bearish trend on both the daily and four-hour timeframes. Prices reversed lower from the 1.3510 level, which represents a WFVG zone and an important selling area. Currently, prices are trading around 1.3474, and the bearish movement is expected to continue during today’s session.

Current price action reflects continued seller dominance, especially as prices failed to stabilize above the current resistance levels. In addition, bearish momentum remains active on lower timeframes, supporting the possibility of further downside movement during today’s trading session.

Key Economic News
The U.S. dollar is awaiting the Consumer Confidence Index data later today, which is expected to affect the movement of the U.S. dollar and consequently GBP/USD.

Upcoming Liquidity Levels:
Prices are expected to decline toward 1.3415, followed by 1.3377, and then 1.3306.

Scenario Invalidation:
The bearish scenario will be invalidated if prices revisit the 1.3510 level.