GPBCHF could move back to the top

Bullish: USDX is currently bearish at the time of this post. We are currently @ 1.2475. We have convergence in play on the hourly compressions. We are looking for an initial move to the ATR target @ 1.2537 area with a further target the double top @ 1.2550. Watch the USDX for any change in direction. The ATR for the pair currently is 77 pips per day and its 180 day average is 81 pips per day.

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Posted to Introduction to Forex Targe… on Feb 02, 2022 — 8:02 AM
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