03 Mei 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.