GBP/USD is currently at 1.2541 and in a range. We are looking for a continuation to the ATR target at the 1.2650 area and then the range top at the 1.2680 area.
Watch the DXY for any change in direction. The ATR for the pair currently is 106 pips per day, and its 180-day average is 107 pips per day. DXY is currently down at the time of this post.
