GBPCHF, waiting on a break out

Bearish: We are currently @ 1.2225 in a range. IF we can break the Fib here, we are looking for a continuation to the ATR target 1.2142 with day chart bottom @ 1.2119 as a further target. Watch the USDX for any change in direction. The ATR for the pair currently is 121 pips per day and its 180 day average is 103 pips per day. USDX is currently UP at the time of this post.

The 4 Things you must know in the Forex:

Posted to Introduction to Forex Targe… on May 11, 2022 — 8:05 AM
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