Buy a rejection from 1.37803 towards 1.42358. | 03 May 2021
03 May 2021, GBP/USD
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.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
