Daily chart: This pair continues forming a bearish pattern with slow movements, as this pair is awaiting news from the U.S. that can have high impact on GBP/USD volatility. However, it is very likely that this pair will try to climb back to resistance level of 1.6447, as this pair is finding temporary support at current levels. The MACD indicator is still in negative territory.
H4 chart: The GBP/USD remains above the 200 day moving average, so it is very likely that it will go up to the resistance level of 1.6435. On the other hand, if this pair makes a bearish rebound at current levels, it would be expected to fall to the level of 1.6325, where the SMA 200 is located. Our bullish outlook is still alive, while this pair continues forming fractals above that level. The MACD indicator is in positive territory.
H1 chart: Current levels are very critical to the current trend of this pair, since the GBP/USD has found strong resistance at the 200 day moving average, which is close to the resistance level of 1.6419. Anyway, if this pair manages to break that level, it would be expected to rise to the level of 1.6464. However, this scenario is a bit complex it gets to be, because at current levels, it is forming a Point of Control (POC). The MACD indicator is in neutral territory.
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.6419, take profit is at 1.6464, and stop loss is at 1.6375.