GBPUSD Analysis September 5, 2021

On the weekly timeframe we can see that price has come roaring back to retest the previous resistance level at 1.3900/ Once price retests this area then we will look for a move lower. Last week ended with some buyers exhaustion so I am looking for a reversal from here
On the H4 timeframe I have identified the 1.38800 level as our main level of SR. We will wait to see how price reacts to this zone as it could head in either direction. The H4 timeframe is currently on an uptrend while we have identified that this is an rrea of potential weekly reversal. I will wait for. alH to form before shorting thes pair and on the flip side I will wait for a break of resistance na da HL to from to go long.