GBP/USD outlook for the week

GBP/USD market structure, still confirms a bullish price action. We are now at the start of the third week of March whilst the market is still trading above its monthly and weekly pivot point of 1.38587 and 1.38819

On the daily time frame market makers have corrected price to our primary trend and key level 1.38120 and reacted with a strong rejection above a previous key level 1.39541

 

On the 4h time frame GBP/USD seems to have corrected back into a previous are of demand. We could possible see bullish rejections within this are for a bullish continuation

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