GBPUSD: Decision time

Two scenarios: Bullish:a move to the upper day chart trend line @ 1.2996 area) and break out we will look to the R5 @ 1.3172.2: Bearish: A break down here or the 1.2996 area would set up a nice wave to the day chart bottom @ 1.2748. 3: a rang trade is it goes sideways. The average daily true range (ATR) for the pair currently is 111 pips with a 180-day ATR of 56 Pips.


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Great weekly analysis, very useful and educational.
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