GBP/USD – Set to break above

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GBP/USD – Set to break above

By Pro Act Traders — Author

Forex Strategy is Bullish: We are currently @ 1.2508 in a channel. If we can bounce here, we are looking for a continuation to the ATR target @ 1.2550 area, with a big area above to the R6 @ 1.2710. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 121 pips per day and it’s 90-day average is 97 pips per day.

Posted to Introduction to Forex Targe… on Jan 27, 2025 — 8:01 AM

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

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