GBPUSD channel

Bullish: We are currently @ 1.2950 in a channel in a range. We have convergence on the 60 min and we are looking for a continuation to the ATR target @ 1.3080 area. Watch the USDX for direction. If it continues down look for the R6 area this week @ 1.3310. The ATR for the pair currently is 129 pips per day.

Posted to Introduction to Forex Targe… on Oct 05, 2020 — 8:10 AM
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Great weekly analysis, very useful and educational.
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