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GBPUSD starting to breakout, keep an eye out on this trade!

FX:GBPUSD   Pound British/Dolar U.S
Buy above 1.3309. Stop loss at 1.3202. Take profit at 1.3522.
Reason for the trading strategy (technically):
Price have been testing our descending resistance line multiple times yesterday and is seeing strong support above 1.3309 ( Fibonacci retracement , Fibonacci extension , horizontal overlap support). We expect to see a strong bounce above this level to push price up to at least 1.3522 resistance ( Fibonacci extension , horizontal swing high resistance). We have to watch out for the descending line which would pose as intermediate resistance to this move.
Stochastic (55,3,1) is starting to make a bullish exit from its descending resistance-turned-support line and this could trigger a strong corresponding rise up in price.
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