Price is in a correction channel

The GBPUSD has broken out of the main channel and price is currently in the correction channel. If break down of the correction channel, the immediate target would be around the 1.3665, the area of the 200D SMA.

Disclaimer: This is not a financial advice. This is my way of sharing my trade ideas with the community and any decisions you make from this are entirely yours and has nothing to do with me.