GBPUSD testing significant support from March 2020

GBP is under a parallel channel and testing major support area right now that was respected back in Mar 2020. There are two possible scenarios. Either it will make a reversal or will get a breakdown. Both can be powerful. Watch the following levels:

Reversal Plan
Buy: 1.14478
SL: 1.14164
TP: 1.15490

Breakdown Plan
Sell: 1.14085
SL: 1.14275
TP1: 1.13657
TP2: 1.12978