
Technical Analysis of GBP/USD
The GBP/USD pair is moving in an uptrend on the daily and 4-hour timeframes. Prices bounced higher from the 1.3495 level following the release of the U.S. Consumer Price Index (CPI), which weighed on the U.S. dollar. Currently, the pair is trading around the 1.3548 level, with expectations for further upside.
Key Economic News
The key economic events for the day have already concluded, and movements in U.S. dollar pairs are expected to continue.
Liquidity Levels
Prices are expected to rise and target the 1.3565 level. A confirmed breakout and consolidation above this level would open the way toward 1.3590.
Invalidation Scenario
The bullish outlook will be invalidated if prices revisit the 1.3495 level.