Bearish: We are currently @ 1.2723 in a range. If we can break here, we are looking for a continuation to the 1.000 Fibo/ATR target @ 1.2670 with the further target the 1.270 Fibo @ 1.2644 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 97 pips per day and it’s 90 day average is 93 pips per day. USDX is up.
GBP/USD Breaks Down
