GBP/USD Moves Lower In A Channel

GBP/USD Moves Lower In A Channel

GBP/USD is currently up but at the top at the time of this post, so expect a reversal. We are currently at 1.3092.

We are looking for an initial move to the S6 at the 1.3033 area and then the ATR Target at 1.3000.

Watch the DXY for any change in direction. The ATR for the pair currently is 112 pips per day, and its 180-day average is 103 pips per day.



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