GBPUSD is not seated at a region for an aggressive demand zone for buying opportunity, a bullish engulfing as a candlestick confirmation is important for this trend trading opportunity. The previous high at 1.3161 became an important resistance for observation for a counter-trend trade or sideway bounce trading opportunity. Trend Traders will be looking at that area too, which means if price head up to that region there is a stalling at that level is expected. These days, I spent about 30 minutes a day in front of my computer to analyse and spot a potential trading opportunity. Join me at our 2-hour live Webinar, Thursday 27th Aug on Zoom at 8 pm-10 pm. A complimentary E-Book sent to you within 48 hours after you had completed the registration. Kindly remember to register and complete the process https://forex100academy.com/event/30mins-workday-webinar/ Share our post so more traders can benefit from our analysis and comment one thing you liked about the analysis. Your support is always much appreciated. Live Chart: https://www.tradingview.com/chart/GBPUSD/YwpH6IgL-GBPUSD-Weekly-Market-Analysis-Aug20-Wk1/ #trendtrading #BuyZone #GBPUSD #SupportandResistance #candlestickpattern