$GBPUSD- Rising Wedge?

By Pro Act Traders — Author

Currently we are @ 1.3207 in a rising wedge and divergence which is bearish for the pair. If we break out we are looking for a move to the 0.214 Fibo @ 1.3085 and then either continue to the 0.500 Fibo @ 1.2980 or bounce (as a 5^th wave) and continue up. Look to the USDX for clues. The average daily true range (ATR) for the pair currently is 97 pips.

Posted to Introduction to Forex Targe… on Aug 01, 2017 — 8:08 AM

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

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By jennifer santiago — 3 years ago

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By rakeshnarwal — 3 years ago

Pro Act