Technical Analysis of GBP/USD Pair

The GBP/USD pair is moving in an upward trend on the 1-hour timeframe. Prices formed an FVG zone around the 1.3540 level, from which prices rebounded upward. Currently, prices are trading around 1.3540, and further upside movement is expected toward the next liquidity zone.

As long as prices remain above these levels, the bullish outlook remains supported during the day.

It is recommended to monitor price action near the upcoming resistance zones to confirm the continuation of the upward movement.

Important Economic News

There are no major economic news releases today for the US Dollar or the British Pound, therefore price movement is expected to remain stable and balanced.

Next Liquidity Levels:

Prices are expected to rise and target 1.3576, followed by 1.3599.

Scenario Invalidation:

The bullish scenario will be invalidated if prices visit the 1.3524 level.