Bearish
GBP/USD is currently at 1.2551 in a channel after a sideways move. We are looking for a continuation to the ATR target at 1.2489. and then to the S6 at 1.2480. Watch the USDX for any change in direction. The ATR for the pair currently is 101 pips per day and its 180 day average is 100 pips per day. USDX is currently up but could be topping out soon at the time of this post.
