Technical Analysis for GBP/USD
The GBP/USD pair continues to trade in a downward trend on both the 4-hour and 1-hour timeframes. Prices have reached the first target from the previous report at the 1.3142 level. Although the pair bounced slightly from this area, the overall bias remains bearish due to the strength of the U.S. dollar, and a further decline is expected during the day.
The pair has also failed multiple times to break above the nearby resistance zone, reinforcing the bearish outlook. Holding below 1.3290 supports the continuation of downside momentum in the short term.

Key Economic News
There are no major economic events for either the U.S. dollar or the British pound today, so price action is expected to remain smooth and steady.

Liquidity Levels
Prices are expected to decline toward 1.3142 and then 1.3059.
The bearish scenario will be invalidated if a 4-hour candle closes above the 1.3290 level.