GBPUSD has fallen considerably this week since reaching the key level of 1.36. Cable now finds itself trading just below the 1.355 level however the price has found some support on the 1hr time frame. The RSI levels on the 1hr time frame reflect that price is in oversold regions which adds to our long bias. The target of this trade is located at the previous high of 1.36, with the stop-loss area below the recent support zone.