GBPCHF channel breakout opportunity

Bullish: We are currently @ 1.1438 after a breakout of the channel. We are looking for a continuation to the ATR target @ 1.1498 area with a bigger target the former bottom now resistance @ 1.1524 area. Watch the USDX for any change in direction. The ATR for the pair currently is 84 pips per day and its 180 day average is 89 pips per day. USDX is currently threatening up at the time of this post.#GBPCHF

Posted to Introduction to Forex Targe… on Aug 16, 2022 — 8:08 AM

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