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GBPUSD, Channel looks to continue

Bearish:  We are currently @ 1.2328 in a channel.   We are looking for a continuation to the ATR target 1.2183. Watch the USDX for any change in direction. The ATR for the pair currently is 151 pips per day and its 180 day average is 127 pips per day. USDX is currently UP at the time of this post.  

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