GBP/USD Channel Continuation

 | Aug 11, 2020 08:09AM ET

GBP/USD Bullish: We are currently at 1.3118 after the channel bounce. We have convergence for the upside move on the 60-minute chart.  We are looking for a continuation to the ATR target at 1.3188 and then possible continue to the 2.270 Fibonnaci extension at 1.3214.   Watch the USDX for direction. The ATR for the pair currently is 109 pips.