GBP/AUD: Correct And Go?

 | Jul 23, 2014 09:02AM ET

Currently the GBP/AUD is at 1.8016 close to our first target of 1.7997.We are looking for an initial shallow bounce and then a continuation to the unsquared  area at 1.7549.  The average daily true range (ATR) for the pair currently is 68 pips.