
Technical Analysis of GBP/USD Pair
The GBP/USD pair is moving sideways on the 1-hour timeframe, and prices are currently trading around the 1.3447 level, following a bounce from the MBR.
Prices have formed an FVG on the 1-hour chart, and this zone represents a key buying area. Notably, the 1.3500 level is a WFVG on the weekly timeframe, a significant zone where prices are expected to reach in order to grab liquidity.
Key Economic News
There are no important news releases for the US dollar or British pound today, so market movement is expected to remain relatively calm.
Liquidity Levels
Prices are expected to rise today, targeting the 1.3475 level, then 1.3450 and 1.3500.
The bullish scenario would be invalidated if an hourly candle closes below the 1.3418 level.