GBP/USD-Continues its climb

Bullish: Currently we are at 1.2533 in a channel. With this breakout, we are looking to continue to the ATR target @ 1.2589 with a further target the 1.270 Fibo @ 1.2603. Watch the USDX for direction. The average daily true range (ATR) for the pair is 89 pips per day and it’s 90 day average is 78 pips per day. USDX is currently down.

Posted to Introduction to Forex Targe… on Apr 29, 2024 — 1:04 PM

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