GBP/USD – coming off the range top

Pro Act

GBP/USD – coming off the range top

By Pro Act Traders — Author

Bearish: We are currently @ 1.2746 in a range. The breakout of the slope support here is significant. We are looking for a continuation to the 1.618 Fibo @ 1.2703 with the further target the 1.000 Fibo/ATR target @ 1.2665. Watch the USDX for direction. The average daily true range (ATR) for the pair is 92 pips per day and it’s 90 day average is 94 pips per day. USDX is currently moving up.

Posted to Introduction to Forex Targe… on Aug 22, 2023 — 8:08 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

AUD/JPY – Wedge breakout points to a double Bottom — 12/18/24
USD/JPY – One more push up — 12/16/24
EUR/JPY – Bears taking over — 12/12/24
EUR/AUD – Rising wedge at the Top — 12/11/24
USD/JPY – On the Move — 12/10/24

You can also use Ctrl+Enter to post

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

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

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 3 years ago

I feel I picked the right trading company.

By rakeshnarwal — 4 years ago

See All Reviews →

Pro Act