Pivot point: 1.3690.
The expected scenario: entering into buying deals at the highest levels of 1.3690, targeting the levels of 1.3780 and then the 1.3830.
Alternative scenario: entering short deals below the levels of 1.3690, targeting the 1.3600 levels.
Commentary: The GBP/USD pair witnessed a breach of the descending price channel, and the formation of a series of higher tops and bottoms, indicating a change in the general trend in the short term, to the direction of A bullish year, and after the price reached the levels of 1.3750, we witnessed a decrease in the framework of retesting the levels of 1.3690, to actually rebound in a way to complete the rise and target the previously mentioned levels, especially in light of the price being above the moving averages (100 - 50), in addition to The presence of a positive deviation in the liquidity flow index, which supports the positive outlook for the pair's trading in the short term.
