Technical Analysis for GBP/USD Pair
The GBP/USD pair is moving in a downtrend on the H4 and H1 timeframes. Prices have declined from the 1.3525 level, which represents a D-FVG zone. Currently, the pair is consolidating while awaiting US Dollar news later today. Prices are expected to continue their decline during the session.

Key Economic News
Today, the US Dollar is awaiting the preliminary reading of the Services and Manufacturing PMI. These data releases will affect the USD movement. Also, Jerome Powell’s speech today will influence the markets, and consequently, the GBP/USD pair.

Liquidity Levels
Prices are expected to decline and target the 1.3445 level, followed by the 1.3415 level.

Scenario Invalidation
The bearish outlook will be invalidated if an hourly candle closes above the 1.3600 level.