GbpUsd can visit 1.14 again

Two days ago I said that GbpUsd is approaching a strong resistance and there is a strong probability of the correction to be over and resumption to the long-term trend.
Indeed, the pair reversed from that zone and dropped violently reaching my target at 1.15 in just a few hours.
Now GbpUsd is rebounding and this can be a good opportunity for short trades and joining the more.
1.16 acts as resistance and only sustained buying above 1.17 would change the bearish perspective.
The target for bears can be 1.14 previous low.

My previous GbpUsd analysis:

Kommentera:

Target smashed