GBP/AUD-Sweet opportunity down

Bearish: Currently we are at 1.9345 in a well built channel. IF we can break support here, we are looking to continue to the ATR target @ 1.9262 with a further target the 1.270 Fibo @ 1.9255. Watch the USDX for direction. The average daily true range (ATR) for the pair is 105 pips per day and it’s 90 day average is 118 pips per day. USDX is most likely in a B wave up.

Posted to Introduction to Forex Targe… on Apr 18, 2024 — 8:04 AM
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