GBPUSD poised to continue the channel

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GBPUSD poised to continue the channel

By Pro Act Traders — Author

Bearish: We are currently @ 1.3114 in a channel after an a-b-c correction. We are looking for an initial move to the ATR target @ 1.3003 area and then the S5 @ 1.2923. Watch the USDX for any change in direction. The ATR for the pair currently is 97 pips per day and its 180 day average is 89 pips per day. USDX is currently up at the time of this post.

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#GBPUSD

Posted to Introduction to Forex Targe… on Apr 04, 2022 — 8:04 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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