GBP/USD: Triangle Break

 | Sep 19, 2017 08:41AM ET

Currently we are at 1.3533 just out of a triangle in a 5th wave. IF we can break this resistance we are looking for a move initially to the 1.3620 and then continue to the 1.270 Fibo at 1.3682 with an overall target at 1.3764. The average daily true range (ATR) for the pair currently is 121 pips