On the Weekly time frame we can see that GBP has just hit the bottom of a well-defined channel going back several years. We are also at WS2 support and we had a bounce from this area last January. I'm in this market from 2.0092 with a b/e STOP with an open ended target. I'm going to leaving this trade for as long as possible as as 2.0542 is the top of the Daily channel and there's as chance we could he headed there. Its a free trade so I don't want stopping out on a retrace so I'll keep the STOP at b/e and re-assess tomorrow if the trade is still alive.