GBP/USD Price Analysis: Risks skewed to the downside after multiple rejections near 1.3750

GBP/USD faces pullback risks with signs of uptrend fatigue on technical charts. 

The 4-hour chart shows the bulls have faced rejection in the 1.3750 neighborhood multiple times since Jan. 21. That, alongside lower highs on the 4-hour chart Relative Strength Index, indicates scope for a pullback. 

The immediate support is seen at 1.37, which, if breached, would open the doors to 1.3610 (Jan. 26 low). 

4-hour chart

Trend: Bull fatigue

Technical levels