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Likelihood of GBP/USD reaching 1.1900 on US Dollar weakness

British Pound / U.S. Dollar (FX:GBPUSD)  
YourLazyTrader  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdanalysis gbpusdshort gbpusdsignal gbpusdtrade gbpusdidea
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trendanalysis chartpattern beyondta gbpusd gbpusdanalysis gbpusdshort gbpusdsignal gbpusdtrade gbpusdidea
Sudden US dollar strength on this week's market open has led to a sharp decline in GBP/USD.
However, the decline seems to have come to an end now as prices are consolidating.

If the 1.1650 level holds, there is a chance for GBP/USD to reach 1.1740, 1.18 and 1.19 eventually over the
next couple of days.

Please note that GBP/USD is still weak price may drop below 1.15 if US dollar strength persisists. So, bullls
must be careful before going long. Personally, I went long in GBP/USD@1.1654 with a small lot size.
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