GBPUSD Fibonacci Buy

There is one level that I am looking at for the GBP/USD:

Support(1): 38% Fibonacci Retracement, 1.2090


Here's the trade:

1) Buy 1.2094
2) Stop Loss @1.2071
3) Profit Target @ 1.2117, 1:1 risk vs reward

Be ready for the BoE release during the London session.