The 1.1850 level is an area that, over time, I think will continue to be of interest. I think if we get anywhere near it, there should be sellers willing to come in. The question is, can we break above there, because if we can, then the 1.1950 level gets targeted, followed by the 1.20 level. Short-term pullbacks could be buying opportunities, but if we break down below the 1.17 level, we’ll see that there is the 50-day EMA.

GBP/USD Technical Analysis