
Technical Analysis of GBP/USD Pair
The GBP/USD pair is moving in an uptrend on the four-hour timeframe, with prices bouncing higher from the OB area. Currently, prices are trading around the 1.3590 level, which represents an important area for the pair. A confirmed continuation of the bullish trend requires stability above this level, and the uptrend is expected to continue during the week.
Key Economic News
There are no major economic events today. However, the US Dollar is awaiting the Federal Reserve’s interest rate decision and Jerome Powell’s press conference later this week, which will have a clear impact on the markets, and consequently on the GBP/USD pair.
Liquidity Levels
Prices are expected to rise further, targeting 1.3645 followed by 1.3682.
Scenario Invalidation
The bullish outlook will be invalidated if prices visit the 1.3490 level.