GBP/USD – Moving South

GBP/USD – Moving South

 
GBP/USD
+0.12%

Bearish:  We are currently @ 1.2712 after taking out slope support.  If we can break through the support here, we are looking for a continuation to the 0.500 Fibo @ 1.2665  with the further target  the ATR target @ 1.2627 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 79 pips per day and it’s 90 day average is 91 pips per day. USDX is up.



Tags