Bullish:
GBP/AUD is currently going up at the time of this post. We are currently at 1.8496 in a channel. We have the start of convergence to the upside. We are looking for an initial move to the ATR target at 1.8554. Watch the USDX for any change in direction. The ATR for the pair currently is 147 pips per day and its 180 day average is 141 pips.