GBP/USD – topped out

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GBP/USD – topped out

By Pro Act Traders — Author

Note: First post this new year

Bearish: We are currently @ 1.2641 after topping out in a range. If we can break here, we are looking for a continuation to the ATR target @ 1.2534 with the further target the support @ 1.2500 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 102 pips per day and it’s 90 day average is 92 pips per day. USDX is up.

Posted to Introduction to Forex Targe… on Jan 03, 2024 — 8:01 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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