GBP/USD Correction


USDX is headed down but is uncommitted at the time of this post. If it does go look for this to go. We have completed a reversal and looking to complete the corrective move to the channel top. If we get traction, we are looking for a continuation to the ATR Target 1.3809 area. Decision time here! Watch the USDX for any change in direction. The ATR for GBP/USD is currently is 78 pips per day and it’s 180 day average is 89 pips.

GBPUSD correction

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