Technical Analysis of GBP/USD

The GBP/USD pair is moving in an upward trend on both the four-hour and hourly timeframes. Prices bounced higher from the 1.3415 level, which represents an FVG zone on the hourly timeframe. Currently, prices are moving sideways around 1.3465, and further upside is expected during today's session.

Holding above the FVG zone indicates that buyers are still in control of the current price movement.
As long as prices remain above 1.3415, the bullish momentum is expected to continue during the upcoming sessions.

Key Economic News
There are no important economic news releases today, so market movement is expected to remain stable.

Prices are expected to rise and target 1.3507, followed by 1.3570.

Scenario Invalidation

The bullish scenario will be invalidated if an hourly candle closes below 1.3415.