GBP/AUD: Opportunity

 | Jun 14, 2021 08:53AM ET

h2 Waiting

GBP/AUD is currently at 1.8283 in a channel in a range. Two scenarios:

Bullish: A move to the upper channel at 1.8420 area. 

Bearish: A break out here would target the at 1.8192 ATR Target. Watch the USDX for any change in direction. The ATR for the pair currently is 114 pips per day.