The GBP/USD is trading around 1.3540, with traders anticipating a possible Fed rate cut in October that could weaken the dollar against the pound. Technical analysis shows a positive outlook above the 100-day EMA, despite challenges at the 1.3585-1.3600 resistance level. In the Asian session, major currency pairs like USD/JPY, EUR/USD, and GBP/USD exhibit good liquidity, with traders advised to adopt range strategies due to lower volatility.