GBPUSD correction

Bullish: USDX is headed down but is uncommitted at the time of this post. If it does go look for this to go. We have completed a reversal and looking to complete the corrective move to the channel top. IF we get traction, we are looking for a continuation to the ATR Target 1.3809 area. Decision time here! Watch the USDX for any change in direction. The ATR for the pair currently is 78 pips per day and it’s 180 day average is 89 pips.

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Posted to Introduction to Forex Targe… on Aug 24, 2021 — 8:08 AM

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