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Buy a rejection from 1.37803 towards 1.42358.

Buy a rejection from 1.37803 towards 1.42358. | 03 May 2021

03 May 2021, GBP/USD

Buy a rejection from 1.37803 towards 1.42358.

Technical Observation

On this symbol, GBPUSD, my focus is on the weekly chart. I mainly concerned with the following levels 1.16766,1.20149,1.25642,1.33437,1.37803, and 1.42358. Currently, the price is within a minor range, not going above the upper limit 1.42358 or below the lower limit 1.37803/ Despite the previous week pin bar, the British pound failed to break below 1.37803, instead , earlier yesterday, GBP rose tremendously and is still pretty much bullish, we are waiting for price around the level 1.37803 and may breakout much lower.

Trade Recommendations:

Buy a rejection from 1.37803 towards 1.42358.

Imelda Maseno
Analyst of «FreshForex» company
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