GBPAUD: Decision time?

Waiting:Currently we are at 1.9423 at the bottom of a channel in a range.Two scenarios: Bullish:a bounce and a move to the ATR target @ 1.9624 area 2: Bearish: A break down here to the 1.9217 support area. The average daily true range (ATR) for the pair currently is 183pips.WATCH THE USDX for more clues.


Posted to Introduction to Forex Targe… on Feb 19, 2020 — 8:02 AM

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