GBP/USD – will the bounce follow through

Bearish: We are currently @ 1.2655 in a range. IF USDX turns down, we are looking to continue to the ATR target @ 1.2700 with a further target the range top @ 1.2720 area. Would love a pullback first to the 1.2645 and bounce again. Watch the USDX for direction. The average daily true range (ATR) for the pair is 63 pips per day and it’s 90 day average is 91 pips per day. USDX is whipsawing.

Posted to Introduction to Forex Targe… on Feb 29, 2024 — 9:02 AM

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