I'm not messing with this just yet. But I would just like to point out that considering the dollar index is in that channel which can break and can make another shoulder up (possibly small), you may get some trade opportunities on Gbp/Usd. The price action it is making makes me think it may make a running flat, or even possibly a correction for a WXY type pattern. Simplified: The blue is 800MA. The red is 200MA. This is the 4hr chart. You may get a bounce or flat/zig zag between them, or at least an opportunity to get a stop in profit on a sell, or await a pattern for a running flat to buy. It's at the 1.236 extension, but I prefer to catch GU off a big spike out when it is chopping like that so be careful. The 1.618 level lines up with the 800MA, so if it were to shoot up to that level it should at least react I would think. It may make a little sell from right at this fib area but I ain't messing with it. This is more you guys that will be awake during London and you can see where it is at.
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