GBP/USD: Channel Trade

Bullish

GBP/USD is currently at 1.3953 in a channel. If we can break this slope resistance, we are looking for an immediate move to the ATR target at 1.4027. Look for a reversal back in the range then. Watch the USDX for any change in direction. The ATR for the pair currently is 89 pips per day. 

GBP/USD Channel trade

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