GBP/USD – channel continuation

Bullish: We are currently @ 1.2628 in a range. If we get a small pullback and then can break resistance here, we are looking to continue to the ATR target @ 1.2667 with a further target the 1.270 Fibo @ 1.2678 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 83 pips per day and it’s 90 day average is 90 pips per day. USDX is down.

Posted to Introduction to Forex Targe… on Feb 20, 2024 — 8:02 AM

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