GBP\/USD – Bearish Move On Deck

Note: Core PPI and PPI very positive today!

Forex Strategy Bullish: We are currently @ 1.3570 at the very top of the range. If we can break slope support here, we are looking for a continuation to the ATR target @ 1.3502 with a further target the 0.214 Fibo @ 1.3493. USDX is currently UP. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 94 pips per day and it’s 90-day average is 97 pips per day.

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