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GBP/USD Intraday/Daytrade - Long - Bounce back to High

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Libra Esterlina/Dólar Americano (FX:GBPUSD)  
ppp7  
FX:GBPUSD   Libra Esterlina/Dólar Americano
USD (US Dollar) GBPUSD cable sterling pound britishpound british US DJ FXCM Index dollar fx Forex pips PIP foreignexchange Currencies currency currencytrading break breakout LONG buy Bullish Patterns profits profit money PRO projection prediction ANTI anticipation anticipatory professionalism price professional probabilities probability probably probabiliy price-action priceaction Harmonic Patterns patterntrading Harmonic Patterns DAY intra daytrade daytrading day-trade daytrader day-trading day-trader 1hr hour shortterm short-term 1h intraday
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usd-us-dollar gbpusd cable sterling pound britishpound british us usdollar dollar fx forex pips pip foreignexchange currencies currency currencytrading break breakout long buy bullish profits profit money pro projection prediction anti anticipation anticipatory professionalism price professional probabilities probability probably probabiliy price-action priceaction harmonicpatterns patterntrading harmonicpatterns day intra daytrade daytrading day-trade daytrader day-trading day-trader 1hr hour shortterm short-term 1h intraday
Over the past few weeks, GBPUSD has been channeling after it broken the downtrend that started from the last of this month.

This is a pure technical momentum based play, where im expecting price to test the high it set lsat week.

Price target is around 1.5640
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