GBP/USD – Range bounce

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GBP/USD – Range bounce

By Pro Act Traders — Author

Bullish: We are currently @ 1.2566 in a range. If we can break slope resistance here, we are looking to continue to the ATR target @ 1.2622 with a further target the 2.618 Fibo @ 1.2641 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 85 pips per day and it’s 90 day average is 91 pips per day. USDX is down.

Posted to Introduction to Forex Targe… on Feb 15, 2024 — 8:02 AM

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

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