GBPUSD channel continuation
Bearish: USDX is threatening to go down but uncommitted at the time of this post. PPI was positive so USDX may go up-too early to tell. We are in a channel so should now see the resumption of the channel to the downside. We are looking for a continuation to the ATR Target @ 1.3796 area. Watch the USDX for any change in direction. The ATR for the pair currently is 75 pips per day and it’s 180 day average is 84 pips.
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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member
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