GBP/USD – Continues a third wave

Bearish: We are currently @ 1.2735 in a channel in a range. We are continuing a third wave and looking to continue the channel to the ATR target @ 1.2680 with a further S4 target @ 1.2663 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 66 pips per day and it’s 90 day average is 84 pips per day. USDX is hinting up.

Posted to Introduction to Forex Targe… on Mar 18, 2024 — 8:03 AM

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