Bullish maybe: We are currently @1.2932 in a nice channel. We are poised for a breakout (although we could have one more move to the day chart bottom @ 134.95). We are looking for a continuation to the ATR target @ 137.00 if we get the Breakout. COT reports major longs on all GBP pairs. Watch the USDX for direction. The ATR for the pair currently is 150 pips per day.