GBPUSD Two buy entries. Keep a tight SL.

GBPUSD has almost touched the Fibonacci 0.382 level from the bottom 1 year ago, trading under both the MA50 and MA200 (1d).
The RSI (1d) is rebounding today aggressively being still inside very rare oversold levels, which visited last time during September 26th 2022.
This justifies a long term buy but if the 0.382 breaks, the next (and strongest) Support Zone is over Fib 0.5.

Trading Plan:
1. Buy on the current market price.
2. Buy on 1.1850 (Support Zone 1).

Targets:
1. 1.2700 (+5.09%, the minimum range for 2023).
2. 1.2350 (again +5.09%).

Tips:
1. If we assume that the large pattern is a Channel Up, then its Higher Lows trendline falls around Fibonacci 0.5 and Support Zone (1). That enhances considerably the probabilities of this being a mega bottom.

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