GBP/USD is currently trying to go down at the time of this post. We are currently at 1.3090 and in a channel.
We also have a possible cup and handle pattern, which is bullish. We are looking for an initial move to the ATR target at the 1.3169 area and then the handle.
Watch the DXY for any change in direction. The ATR for the pair currently is 120 pips per day, and its 180-day average is 98 pips per day.
