* GBPUSD is full of fake outs so I always expected price to move back down to the 78.6% level after yesterdays move up. * We've touched the bottom of an ascending channel. * I expect the support levels to hold. * We also tested the 4hr 200EMA which I expect to see a reaction from. * The uncertainty in the election should give the pound some bullishness over the dollar, however, I will be exiting the trade before the election results.