GBPJPY channel Breakout

Bearish: USDX is headed down at the time of this post. We do not yet have a MACD break so make sure you get a solid break of the Slope support. IF we get traction, we are looking for a continuation to the ATR Target 150.23 area. Watch the USDX for any change in direction. The ATR for the pair currently is 96 pips per day and it’s 180 day average is 99 pips.

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Posted to Introduction to Forex Targe… on Aug 31, 2021 — 8:08 AM

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