Just entered position 1 on Gbp/Usd long with target 1 at 1.38541 @resistance from February 2016 support. If price action makes it up to 38541 it will paint a nice right shoulder to retest last highs. Possible that it breaks down to 0.236Fib zones for more entries but I think it is more likely that price rally's up to 38541 before heading to lower levels. Overall targets are bullish for 2 & 3 from the nice breakout of bearish trend and 100% V (shaded triangle). Looks like we are in an exhaustion correction wave A just finishing. The breakout was almost a 68% extension, so correction was to be expected. If this bullish rally happens it will be wave C and stay within the structure of an ABC impulse correction. Hoping to take profit at 1.38541 then re-enter long from lower levels. Hope it helps, peace and profit to you all