GBP/USD – to the top of the box

Note: Jolts and ISM Today!

Forex Strategy is Bullish: We are currently @ 1.2545 in a range. Since we broke the support, we are looking for a continuation to the ATR target @ 1.2608 area, with the overall target the 1.270 Fibo @ 1.2631. We have convergence on the 60 min chart. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 104 pips per day and it’s 90-day average is 91 pips per day.

Posted to Introduction to Forex Targe… on Jan 07, 2025 — 8:01 AM
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