GBPUSD bouncing off the range

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GBPUSD bouncing off the range

By Pro Act Traders — Author

Bullish: We are currently @ 1.3025 in a range with multiple attempts to break the bottom. We have a falling wedge which is bullish so we are looking for an initial move to the ATR target @ 1.3112 area and then the 0.382 Fibo @ 1.3169. Watch the USDX for any change in direction. The ATR for the pair currently is 82 pips per day and its 180 day average is 83 pips per day. USDX is currently threatening down at the time of this post.

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Posted to Introduction to Forex Targe… on Apr 12, 2022 — 8:04 AM

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

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