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GBPUSD Forex Weekly - 3 - 7 Aug 2020

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
Pound didn't made any significance drop on the last trading months - July referring towards versus the US Dollar pullback strength.

Price made reversal on upper line at 1.31700 resistance key level and we are looking another retest on upper line. If price failed to break above then it will fall back towards median - lower line support key level.

Based on our weekly mapping, price closed last week inside channel below upper line resistance level. Please refer to the link related ideas.


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