GBPUSD channel breakout

Bearish: We are currently @ 1.2941 just out of a channel in a range. IF we can break support here, we are looking for a continuation to the ATR target @ 1.2859 area. The further target is the 0.786 Fibo @ 1.2783. Watch the USDX for direction. The ATR for the pair currently is 124 pips per day.

Posted to Introduction to Forex Targe… on Oct 29, 2020 — 8:10 AM
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