GBPUS has successfully broken a past resistance level 1.3130 (blue dotted line) and right now its finishing making a correction to the 61% and 50% Fibonacci levels, using the Fibonacci Extension tool I can calculate a Take Profit level which is 1.3210. If price breaks the red dotted line at 1.3200 which is also a support zone, then the trade will be canceled.
You can buy right now when the price ranges between the Fib levels and set your Stop Loss at 1.3200