GBP\/USD – Range Breakout

Forex Strategies Bearish: We are currently @ 1.2993 just out of a range. IF we can get a clean break down, we are looking to target the ATR target @ 1.2910. A further target is the 1.000 Fibo @ 1.2838. Watch for a reaction there. The pair should prove it out when the market opens. Its Daily ATR is 82 pips, and its 90-day average is 77 Pips a day. My Analysis says the USDX is currently up.

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