GBPUsd 4/12/12 : Daily chart....target 1.6240

Now that we establish that GBPUsd is in the longer time frame Up
We go back have a look at the daily chart.

Here we see that wave 1 is complete and wave 2 is complete
Wave 3 is just at the beginning.

Let's target 1.6240........ The previous high and see where we go from there ...