GBPUSD breakout

Bearish: We are currently @ 1.3618 after breaking out of a rising wedge. IF we can break the support here, we are looking for a move to the ATR Target @ 1.3500 area. The further target is the bottom @ 1.3200. Watch the USDX for any change in direction. The ATR for the pair currently is 161 pips per day.


Posted to Introduction to Forex Targe… on Jan 04, 2021 — 8:01 AM

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