GBP/USD – Channel Opportunity?

GBP/USD

Bullish: Currently we are at 1.3153 in a range and in a channel. IF we can bounce on this support we are looking for a continuation to the 0.500 Fibo at 1.3215 and then to the 0.382 Fibo at 1.3276 The average daily true range (ATR) for the pair currently is 109 pips.

GBP/USD 240min Chart

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