New Bullish Channel GBP/USD Buy 1.2370
Updated
After yesterday's breakout of the bearish channel, the cable played out the rest of its merry tune between the 0.5 and 0.38 Fibbonanci levels. These look like holding as support and when you add in the new bullish channel it looks like we have a trade on the open. I'm going long at 1.2370 and waiting for the morning open to carry on where we left off. TP is 1.2400, 0.5 Fib level. SL 1.2340
Comment
TP taken at 1.2401
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