GBP/USD In Triangle

 | Oct 25, 2016 08:48AM ET


Currently, we are 1.2216 in a range and trying to break out of a triangle. If we can break the support at 1.2206, we are looking for an initial move to the 0.786 Fibo at 1.2175 and an overall target at 1.2147. The average daily true range (ATR) for the pair currently is 98 pips.