GBPUSD just finished the down trend wave cycle (daily chart)

Form the GBPUSD daily chart, it is found that a completed down trend have been finished with the Elliott's Wave Principle. It is implicated the lowest of GBPUSD appeared in the early September 2019. From the lowest point to draw a support line, it can be found the neutral support will be lined around 1.275-1.280. It is suggested to hold GBP in neutral to long term strategies. The cut loss point will be around 1.27 and the target will be around 1.37, the lowest of the early March 2018.