GBP\/USD – Still Room To The Top

Forex Strategy is Bullish: We are currently @ 1.3811 in a channel and 5th wave. We are looking for the first part today which is a continuation to the ATR Target @ 1.3869. The second part is the continuation to the R6 @ 1.29503 area. We have convergence on the hourly. USDX is currently down. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 85 pips per day and it’s 90-day average is 69 pips per day.

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