GBPUSD trying to complete the channel

Bearish: USDX is currently up but at a top at the time of this post so expect a reversal. We are currently @ 1.3092. We are looking for an initial move to the S6@ 1.3033 area and then the ATR Target @ 1.3000. Watch the USDX for any change in direction. The ATR for the pair currently is 112 pips per day and its 180 day average is 103 pips per day.

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Posted to Introduction to Forex Targe… on Mar 08, 2022 — 8:03 AM

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