Technical analysis of GBP/USD: Retracement and bullish outlook The GBP/USD pair retreated at the beginning of the week, according to the weekly analysis of the pair. Currently, the pair reached the levels of 1.3010, from which it started to bounce upwards after withdrawing the liquidity below the previous week's low. Prices have formed the IFVG zone on the four-hour frame, which is an important buying zone. The pound is expected to rise during the day due to a weaker dollar. Top Economic News: U.K. interest rate decision awaited The British Pound is awaiting today's interest rate decision, which is expected to be held at 4.00%. The data is expected to influence the movement of the Pound and the US Dollar. Liquidity Levels and Targets Prices are expected to rise and target 1.3161 and then 1.3218. Negation of the scenario: The uptrend is negated if the four-hour candle closes below 1.3010.