GBPUSD Channel Continuation

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GBPUSD Channel Continuation

By Pro Act Traders — Author

Bearish: USDX is turning up at the time of this post. We are currently @ 1.3732 in a down channel. We are looking for an initial move to the ATR Target @ 1.3681 area and then down to the 0.500 Fibo @ 1.3662 area. Watch the USDX for any change in direction. The ATR for the pair currently is 78 pips per day and its 180 day average is 82 pips.

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Posted to Introduction to Forex Targe… on Oct 28, 2021 — 8:10 AM

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

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