GBPUSD monthly chart

Hi traders,

I don't really trade the GBPUSD, since it keeps taking my money. I do, however, want to give it another try, which is at the 127.2% Fibonacci extension of the 2008 drop.
Entry: 1.14236
Stop: 1.05623
Target: 1.34868 = R:RR 2.40

Good luck guys!