Forex Opinion & Analysis

GBP/USD: Breakout in the Offing?

Bullish:  We are currently @ 1.2583 breaking slope resistance in a range. We are looking for a continuation to the ATR target @ 1.2631 with the further target  the 2.618 Fibo @ 1.2671 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 86 pips per day and it’s 90 day average is 91 pips per day. USDX is Down.GBPUSD – Breakout

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