Great Long Position For GBPUSD Blitx FX

From my analysis we can see that the price has hit a 50 fib level, this means that we will see some weak resistance off this level and will push back down to the previous support level that has held so far. Over the next few days to weeks we will look to hit the higher level in the channel which will see around 300 pips in profit if all goes well. This doesn't take into consideration fundamentals that could effect the price but from a pure technical bias this is the outlook for the week.