GBP/AUD: Next Target?

 | Sep 01, 2015 08:41AM ET


Currently the GBP/AUD is at 2.1731 in a channel. We are looking for a continuation to the Fibo support area at 2.1858 after a pullback with an overall target at 2.2014. The average daily true range (ATR) for the pair currently is 254 pips.