GBPUSD channel continuation
Bearish: USDX is threatening to go down but uncommitted at the time of this post. PPI was positive so USDX may go up-too early to tell. We are in a channel so should now see the resumption of the channel to the downside. We are looking for a continuation to the ATR Target @ 1.3796 area. Watch the USDX for any change in direction. The ATR for the pair currently is 75 pips per day and it’s 180 day average is 84 pips.
Free Forex eBook download: http://proacttraders.com/ebook
Price Action Vs. Indicators – what really works? http://proacttraders.com/price-action-vs-indicator...
Recent free content from Pro Act Traders
-
GBP/USD – Targets the range top
— 11/21/24
-
NZD/JPY – Showing bearish signs
— 11/20/24
-
GBP/USD – Falling Wedge Breakout
— 11/19/24
-
GBP/USD – Rectangle Breakout https://www.proacttraders.com/blog/
— 11/18/24
-
GBP/CHF – In A Breakout
— 11/13/24
Loading Comments
No comments. Break the ice and be the first!
Error loading comments
Click here to retry
No comments found matching this filter
-
{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member
Want to add a comment? Take me to the new comment box!
- 1 Campus Martius, Suite #200Detroit, MI 48226
- +1 877 440 9464
