GBPCHF - Buying a dip to the 38.2% Fibonacci level

FX:GBPCHF   British Pound / Swiss Franc
Trade Idea

Broken out of the channel formation to the upside.
We have a 38.2% Fibonacci pullback level of 1.2116 from 1.1851 to 1.2279.
Bespoke support is located at 1.2116.
There is scope for mild selling at the open but losses should be limited.
Expect trading to remain mixed and volatile.

We look to Buy at 1.2115
Stop: 1.2065
Target 1: 1.2270
Target 2: 1.2345
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