GBP/USD Bullish to Bearish: Currently we are at 1.2514 in a big channel in a range. If we can break this resistance, we are looking for a move up to the ATR target at 1.2578 and then the R5 Top at 1.2635. Look for the reversal there. The Average Daily True Range (ATR) for the pair currently is 114 pips. WATCH THE USDX for more clues.
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