GBPUSD LONG BIAS BUT BEWARE

On the 29th I commented on the Cable's current retracement. Going back to my charts though, I realized I had missed my actual entry signal. I hate it when I miss a signal, which I got for the Cable on 08.24. Its still in play and target one is at 1.3099, approximately 219 pips from the entry at 1.28805 and right at the bottom of the weekly supply zone. However, momentum is still to the downside and things are notoriously volatile for the Cable due to Brexit negotiations. Only a clean break and close above the 1.32 handle would signal a change in trend.