GBP/USD – Triple top in place

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GBP/USD – Triple top in place

By Pro Act Traders — Author

Forex Strategies Bearish: We are currently @ 1.2997 after a triple top in place. We are looking for a continuation to the ATR target @ 1.2916 and then further movement to the 0.618 Fibo @ 1.2875. Divergence is in play for the short. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 82 pips and it’s 90 day average is 80 pips.

Posted to Introduction to Forex Targe… on Nov 05, 2024 — 8:11 AM

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

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