GBP/USD | Rejection Block Retest (READ THE CAPTION)GBP/USDOANDA:GBPUSDAmirAliTradingWell hello folks, Amirali here. By examining the 2H chart of GBPUSD we can see that after last night's ceasefire announcement, it surged in price, going from 1.3255 all the way to 1.3446! It went through several NDOGs and NWOGs, almost reaching the March 2nd Consequent Encroachment at 1.3447, and also reached the Bearish Rejection Block before dropping back to the March 9th NWOG High, hitting it and then going a bit back up, currently being traded at 1.3423. For now, GBPUSD is expected to retest the Bullish Rejection Block and if it goes above the 1.3461 and stabilizes there, it can then go for the 1.3486 level which is the March 2nd NWOG High and if it goes through it, next targets will be at 1.3514 and 1.3521. Targets: 1.3440, 1.3450, 1.3460, 1.3470 and 1.3480. However, if GBPUSD falls below the March 2nd NWOG Low at back inside the March 9th NWOG and goes below the Consequent Encroachment of the Gap at 1.3374, further drop to the 1.3346 is very likely and the next target will be at 1.3313. Bearish targets: 1.3400, 1.3390, 1.3380, 1.3370, 1.3360 and 1.3350.