GBP/USD – continuation on the menu

Pro Act

GBP/USD – continuation on the menu

By Pro Act Traders — Author

Note: ADP was positive this AM!

Bearish: We are currently @ 1.2733 after a correction of the last move in a channel. MACD points the way down. If we can break support we are looking for a continuation to the ATR Target @ 1.2671 with the overall target the 1.618 Fibo @ 1.2643. This will require that USDX continues up. Watch the USDX for direction. The average daily true range (ATR) for the pair is 108 pips per day and it’s 90 day average is 95 pips per day. USDX is currently moving up.

Posted to Introduction to Forex Targe… on Aug 02, 2023 — 8:08 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

AUD/JPY – Wedge breakout points to a double Bottom — 12/18/24
USD/JPY – One more push up — 12/16/24
EUR/JPY – Bears taking over — 12/12/24
EUR/AUD – Rising wedge at the Top — 12/11/24
USD/JPY – On the Move — 12/10/24

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 3 years ago

I feel I picked the right trading company.

By rakeshnarwal — 4 years ago

See All Reviews →

Pro Act