Technical Analysis of GBP/USD

GBP/USD is moving in a bearish trend on both the daily and four-hour timeframes. Price has rejected lower from the 1.3449 level, which represents a WFVG zone and an important selling area. Currently, price is trading around 1.3302, and the bearish outlook is expected to continue throughout the week.

As long as price remains below the current sell zone, bearish pressure is likely to persist in the coming sessions. Market participants are also watching for any catalysts that could drive the pair toward the targeted liquidity levels.

Key Economic News

There are no major U.S. dollar economic releases scheduled for today. Therefore, price action on GBP/USD is expected to remain relatively calm.

Upcoming Liquidity Levels

Prices are expected to decline toward 1.3302, followed by 1.3156.

Invalidation Scenario

The bearish scenario will be invalidated if price reaches 1.3490.