GBP/USD – Trying to Push Up

Forex Strategy  Bullish: GBP/USD iscurrently  @ 1.3350 after a breakout. We have convergence in play and anticipating a continuation to the upside (due to USDX). We are looking for a small replacement and then a continuation to the ATR Target @ 1.3414 area with a further target the 0.618 Fibo @ 1.3427. USDX is currently DOWN – if it flips this probably won’t happen. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 89 pips per day and it’s 90-day average is 90 pips per day.