Bearish
At time of writing, GBP/AUD is at 1.7460, trading in a range. If the pair completes this breakout, look for a continuation to the ATR target at the 1.7344 area, and then the S6 at the 1.7238 area.
Watch the USDX for any change in direction; the dollar was moving up at the time. The ATR for the pair currently is 149 pips per day and its 180 day average is 153 pips per day.
