GBP/AUD –Poised for the fall

GBP/AUD Forex Strategy is Bearish: We are currently @ 2.0405 after putting a top in place. If we can get a quick pullback here, we are looking for a continuation to the ATR target @ 2.0353 area, with a further target the 1.000 Fibo  @ 2.0340 area.  USDX is currently down. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 134 pips per day and it’s 90-day average is 139 pips per day.

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