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Scott Barkley

GBPAUD: Decision time?

Waiting: Currently we are at 1.9423 at the bottom of a channel in a range. Two scenarios: Bullish: a bounce and a move to the ATR target @ 1.9624 area 2: Bearish: A break down here to the 1.9217 support area. The average daily true range (ATR) for the pair currently is 183pips. WATCH THE USDX for more clues.

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