GBP/USD – Finish the range today

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GBP/USD – Finish the range today

By Pro Act Traders — Author

Note: FOMC tomorrow-slows the market down!

Forex Strategies Bearish: We are currently @ 1.3103 in a channel in a range and a flag pattern (bearish). We are looking to come out of the flag and target the confluence of the Day chart bottom/ATR targets/1.618 Fibo @ 1.2997. Watch for a bounce there. The pair should prove it out when the market opens. It’s Daily ATR is 109 pips, and its 90-day average is 78 Pips a day. My Analysis says the USDX is up.

Posted to Introduction to Forex Targe… on Oct 08, 2024 — 8:10 AM

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

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