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GBPUSD at Strong Support. Go Long For Near Term

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
trendtrader  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBPUSD gbpusdlong gbpusdsignal gbpusdtrade gbpusdanalysis gbpusdidea gbpusdsetup gbpusdbuy gbpusdlongsetup
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trendanalysis chartpattern gbpusd gbpusdlong gbpusdsignal gbpusdtrade gbpusdanalysis gbpusdidea gbpusdsetup gbpusdbuy gbpusdlongsetup
The chart here shows that GBP is currently at a strong support level of 1.24800 level. This support level has been tested as past resistance levels for at least 5 times in recent times. When such a support level is being tested, the pair does hold a good chance of bouncing back. I would set the TP level at around 1.25200 levels.
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