GBPUSD: might breakout?

Waiting:Currently we are at 1.8847 in a channel. A reaction at the channel wall down would Target the 0.786 Fibo @ 1.8754. A breakout, look for the 0.382 Fibo @ 1.3233. The average daily true range (ATR) for the pair currently is 105 Pips.WATCH THE USDX for more clues.

Posted to Introduction to Forex Targe… on Jan 21, 2020 — 8:01 AM

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