GBPUSD channel continuation

Bullish: USDX is showing reversal signs near the Day top but is uncommitted at the time of this post. If it does go what for GBPUSD to go. IF we get traction, we are looking for a continuation to the 0.786/ATR Target @ 1.3661-76 area. Watch the USDX for any change in direction. The ATR for the pair currently is 74 pips per day and it’s 180 day average is 85 pips.

Posted to Introduction to Forex Targe… on Aug 18, 2021 — 8:08 AM

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