GBPUSD -new channel

Bullish: Currently we are @ 1.3928 just out of a wedge and possibly at the start of a new channel to the upside. We are initially looking for a continuation to the 0.382 @ 1.4008 and a further target @ 1.4030 area this week. The average daily true range (ATR) for the pair currently is 108 pips.

GBPUSD -new channel