GBPUSD – CPI opportunity

Note: CPI was neutral USDX negative initially

Bullish: We are currently @ 1.2175 in the start of a run after a resistance breakout. We are looking for a move here to continue to the ATR target @ 1.2279 area with a further target @ 1.2318. Watch the USDX for direction. The average daily true range (ATR) for the pair is 127 pips and it’s 180 day average is 153 pips per day. USDX is currently threatening down.

Posted to Introduction to Forex Targe… on Jan 12, 2023 — 8:01 AM

Recent free content from Pro Act Traders

Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!

Reviews Average Rating          

         
I feel I picked the right trading company.
         
See All Reviews →