GBPUSD channel continuation

Bearish: USDX is headed up at the time of this post. Currently we are at 1.3835. We are looking for a continuation of the channel to the ATR Target @1.3762 area after this pullback. We have a channel and a MACD break already. Watch the USDX for any change in direction. The ATR for the pair currently is 71 pips per day and it’s 180 day average is 82 pips.

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Posted to Introduction to Forex Targe… on Sep 13, 2021 — 8:09 AM

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