GBPUSD short Opportunity

Bearish:  USDX is bullish at the time of this post but near a top.  We are currently @ 1.3592 in a range inside a Day chart Down Trend.  We are looking for an initial move to the range bottom @ 1.3569 and then IF we break, down to the ATR Target @ 1.3487-94 area.  Be aware that with USDX up this could be a reversal point back to support @ 1.8588.  Watch the USDX for any change in direction. The ATR for the pair currently is 102 pips per day and its 180 day average is 90 pips.  

GBPUSD short Opportunity
Bearish:  USDX is bullish at the time of this post but near a top.  We are currently @ 1.3592 in a range inside a Day chart Down Trend.  We are looking for an initial move to the range bottom @ 1.3569 and then IF we break, down to the ATR Target @ 1.3487-94 area.  Be aware that with USDX up this could be a reversal point back to support @ 1.8588.  Watch the USDX for any change in direction. The ATR for the pair currently is 102 pips per day and its 180 day average is 90 pips.