GBP/AUD: Reversal?

 | Jul 24, 2017 08:45AM ET

GBP/AUD
Currently we are @ 1.6403 and finishing a 5th wave. We have a heads and shoulders pattern printed and are looking for a continuation back to the 0.618 Fibo @ 1.6571 and a break there to the support @ 1.6717. The average daily true range (ATR) for the pair currently is 156 pips.