GBPUSD - Potential Pullback & Extension

Extension -- Pullback -- Extension -- Pullback, that's how the markets move. After the current extension higher on the GBPUSD the next opportunity to buy (unless you're a breakout trader) is waiting for price to pullback into previous structure and then looking to catch a pullback trade in anticipation of a move higher.

IF price continues higher THEN I would project a move to the $1.31 -$1.32 price points.

Akil