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YourLazyTrader

GBP/USD looks weak at the moment, but 1.14 has value

British Pound / U.S. Dollar (FX:GBPUSD)  
YourLazyTrader  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdlong gbpusdanalysis gbpusdsignal gbpusdtrade
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trendanalysis chartpattern beyondta gbpusd gbpusdlong gbpusdanalysis gbpusdsignal gbpusdtrade
As predicted in my previous idea GBP/USD reach my target at 1.17 ( almost 300 pips profit from our buy at 1.1410 level)
However, a strong US dollar has once again pushed GBP/USD lower. In my opinion, GBP/USD could slide back to the
1.14 level once again.

If that happens, I would looking to go long. 1.1410-1.1460 remains my preferred buy zone. That being said, I would urge
traders to use a relatively small lot size for their buys.
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