Currently we are at 1.6850 at a bounce point. A couple of different scenarios. 1: bullish: a move above 1 .6882 would signal a continuation to the Resistance at 1.6987 area) 2: Bearish : A break down here would prove the current possible head and shoulders pattern is real and would set up a nice move back to the R3 at 1.6789. The average daily true range (ATR) for the pair currently is 131 pips.GBP/AUD" title="GBP/AUD" height="1010" width="1677">