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GBPUSD Fibonacci Buy

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
TheTradingRoom  
FX:GBPUSD   British Pound / U.S. Dollar
Technical Indicators GBPUSD Fibonacci Retracement BOE
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indicator gbpusd fibonacciretracement boe
There is one level that I am looking at for the GBP/USD:

Support(1): 38% Fibonacci Retracement, 1.2090


Here's the trade:

1) Buy 1.2094
2) Stop Loss @1.2071
3) Profit Target @ 1.2117, 1:1 risk vs reward

Be ready for the BoE release during the London session.
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