Bullish:  Currently we are @ 1.2744 after completing a corrective 2 wave on the channel bottom.  We are looking for a continuation initially to the ATR target @ 1.2795 and then continue to the 2.618 Fibo @1.2878z.  The average daily true range (ATR) for the pair currently is74 pips but its 180-day ATR is 107 pips a day.

GBPUSD

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