GBP/USD fell all the way to 1.2775 before it finally bounced off from that support after forming a hammer candlestick on the one-hour time-frame. Currently the pair is retracing and it will likely reach 1.2890 - 1.2900. I opened a long position at 1.2810.
At this moment, I expect the price will rise to the point of 1.29101. However, it is possible that the puncture at level 1.28610 was false. And in this case, the price will drop down to the point of 1.28159.
After a day of ... let's say not so good trades on EU/$ at least the nice ride down on the Cable made me break even for today ... TP at 127950 ... expect now a rebound but not to far .. wait to enter next sell ... but let's wait first