GBP/USD Bearish: We are currently at 1.3155 ending a 3rd wave up. We have divergence for the downside move on the 60-minute chart. We are looking for a Breakout and a continuation to the ATR target at 1.3007-0 area and then a bounce on the support at 1.2983. Watch the USDX for direction. The ATR for the pair currently is 110 pips per day.
GBPUSD reversal (Image not shown due to low ratings)
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