GBP/USD-continuing the channel

Bearish: Currently we are at 1.2438 in a channel. We are looking to continue to the ATR target @ 1.2394 with a further target the 0.618 Fibo @ 1.2349. Watch the USDX for direction. The average daily true range (ATR) for the pair is 102 pips per day and it’s 90 day average is 114 pips per day. USDX is currently up..

Posted to Introduction to Forex Targe… on Apr 24, 2024 — 8:04 AM

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