Technical Analysis of GBP/USD Pair
The GBP/USD pair continues to move in a downward trend on both the 4-hour and 1-hour timeframes. Prices successfully declined from the 1.3345 level and are currently trading around 1.3260, which was the previous report’s target. The pair is expected to continue its bearish movement toward the external liquidity zone. If prices break below 1.3260 decisively, the decline could extend toward 1.3200 and lower. However, if the price fails to break the 1.3260 support level, a corrective rebound toward 1.3300 may occur before resuming the downtrend.

Key Economic News
Today, the US dollar awaits a speech by Federal Reserve Chair Jerome Powell, which is expected to have a noticeable impact on price movements and therefore on the GBP/USD pair.

Liquidity Levels
Prices are expected to decline and target 1.3140.
Invalidation Scenario:
The bearish outlook will be invalidated if prices reach 1.3370.