GBPAUD: Reversal?

Bearish: Currently we are at 1.8847 in a channel. A continuation below 1.8839 would Target the ATR @ 1.8781 area with a later continuation to the 0.786 Fibo @ 1.8754. The average daily true range (ATR) for the pair currently is 134 Pips. WATCH THE USDX for more clues.

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