GBPUSD is trapped in a range as presumed, and now we need to pay attention to possible breakout and ATR. 1.5458 and 1.5385 are crucial for next intraday movement because GBPUSD is currently in a rectangle formation having a confluence H3 and L4 levels. ATR suggests that targets for the breakout are 1.5478 and 1.5512 to the upside and 1.5563 to the downside. However, having in mind that today is Monday there could be a possible range play 5480-5380 with breakouts as suggested. Pay attention to ATR and MACD also, which shows a mixed momentum.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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