GbpUsd could rise 200 pips

[skrimon]

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After reaching my target at the 1.27 zone, GbpUsd started to drop and found support at the horizontal 1.2350 level.

The drop is not impulsive and, in my opinion, is just a correction to the overall bullish trend.

A reversal to the upside could be next for GbpUsd and traders could look to buy dips slightly 1.24 figure.

The target could be the recent high at 1.2680 and a drop under the recent low would negate this scenario