GBP/USD – Ready to Finish the Cchannel

GBP/USD Bullish: We are currently @ 1.2895 in a 5th fractal wave in a channel. If we can break 1.2900, we are looking for a continuation to the ATR target at 1.2990  area, with a further target the 1.270 Fibo at 2.0340 area.  

USDX is currently down. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 86 pips per day and it’s 90-day average is 102 pips per day.

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