GBP/USD – Trend continuance
Bearish: We are currently @ 1.2074 in a Trend. We have convergence for the continuation move. We are looking for a continuation to the ATR Target @ 1.2007 with the further target for today the 1.000 Fibo @1.1961. Watch the USDX for direction. The average daily true range (ATR) for the pair is 80 pips per day and it’s 90 day average is 95 pips per day. USDX is currently moving UP and must continue for this to happen.