GBPUSD-Should Breakout

Oct 27, 2022
Bearish:  We are currently @ 1.1565 attempting a breakout. We are looking for a move to the square up @ 1.1500 with a further target the ATR target @ 1.1430.  We have convergence on the hourly.  Target up is 1.7000 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 203 pips per day and its 180 day average is 173 pips per day. USDX is currently up.