Technical Analysis for GBP/USD
The GBP/USD pair continues to move in an upward trend on the 4-hour timeframe. Prices have risen as we mentioned in yesterday’s report, successfully breaking above the 1.3590 level and reaching 1.3645. The weakness of the US dollar has supported the rise of both the pound and the euro. Prices are expected to continue climbing during the day.

Key Economic News
Today, markets will closely monitor Jerome Powell’s speech following the release of the US interest rate decision. These events are expected to significantly impact the movements of the GBP/USD pair.

Liquidity Levels
Prices are expected to rise and target 1.3682, followed by 1.3730

Invalidation of Scenario
The bullish scenario will be invalidated if an hourly candle closes below the 1.3580 level.