Technical Analysis of GBP/USD

The GBP/USD pair is moving in a bearish trend on the daily and four-hour time frames. The 1.3440 level represents a selling zone, and we need to see negative price action from these levels to continue the bearish trend for the pair.

Prices are still trading below key resistance zones, which supports the continuation of selling pressure during the upcoming sessions. The pair is also showing weakness in bullish momentum, increasing the probability of further downside movement in the short term.

Key Economic News

There are no major economic news releases for the US Dollar today, so price action is expected to remain stable and consistent.

Upcoming Liquidity Levels

Prices are expected to decline and target the 1.3291 level, followed by 1.3163.

Scenario Invalidation

The bearish scenario will be invalidated if prices revisit the 1.3527 level.