GBPCHF headed to the range top

Note: Tons of Fundies this week

Bullish: We are currently @ 1.1518 in a range after a breakout. IF we can break resistance here, we are looking for a continuation to the ATR Target @ 1.1578 with a further target the 1.1600. We have convergence on the hourly. The target down is 1.9100 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 96 pips per day and its 180 day average is 107 pips per day. USDX is currently down.

Posted to Introduction to Forex Targe… on Dec 13, 2022 — 8:12 AM
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