$GBPUSD
What ProAct Traders See:Bearish: We are currently @ 1.2588 in a nice channel. We are looking for an initial move to the day/range bottom @ 1.2489 and below that a continuation to the 1.618 Fibo @1.2177. Watch the USDX for direction. The average daily true range (ATR) for the pair is 70 pips.