GBPUSD Rising wedge opportunity

Bearish:  USDX is currently going up at the time of this post.  We are currently @ 1.3561 in a rising wedge. We have the divergence in play. We are looking for an initial move to the ATR Target @ 1.3500 area with a continuation to the 0.382 Fibo @ 1.3437.  Watch the USDX for any change in direction. The ATR for the pair currently is 79 pips per day and its 180 day average is 85 pips per day.

 

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