Bearish
GBP/USD is currently bullish at the time of this post. We are currently at 1.3520 with a breakout of the channel in a range.
We are looking for an initial move to the ATR target at 1.3468 area and then hold for the 1.3400 area. Watch the USDX for any change in direction. The ATR for the pair currently is 84 pips per day and its 180 day average is 85 pips per day.
