GBPUSD Channel Break Opportunity

Bearish: USDX is currently going up at the time of this post. We are currently @ 1.3489. We have the convergence starting. We are looking for an initial move to the ATR Target @ 1.3445 with a continuation to the S3 @ 1.3407. 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.

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Posted to Introduction to Forex Targe… on Jan 03, 2022 — 8:01 AM
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