GBPUSD reversal trade

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GBPUSD reversal trade

By Pro Act Traders — Author

Bearish: We are currently @ 1.4102 in a channel and in a reversal. CPI numbers very positive should act as a catalyst. We are looking for an initial move to the ATR Target @ 1.4053 area. A further target is the 0.382 Fibo @ 1.4022. Watch the USDX for any change in direction. The ATR for the pair currently is 94 pips per day.

Posted to Introduction to Forex Targe… on May 12, 2021 — 8:05 AM

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

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