Order for a long position on GBPUSD
. The pair has proven to accept the fibonacci levels, and as such I will enter a position on fibonacci 61.8, formed from the uptrend from February to March, and target fibonacci 76.4, formed from the downtrend in March-April. The SL will be below the previous low, which is also below the strong support which was formed in 2002
. The support has also been respected three times, rejecting the price from moving through. And as such it is reasonable to believe that it would be respected again.