GBP/USD Breakout South

Pro Act

GBP/USD Breakout South

By Pro Act Traders — Author

Note: Powell speaks today

Bearish: We are currently @ 1.1991 after making the turn in a range. With this breakout, we are looking for continuation to the ATR target @ 1.1907 area and then the 0.1000 Fibo @ 1.1847. We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 115 pips and it’s 180 day average is 130 pips per day. USDX is currently threatening up.

Posted to Introduction to Forex Targe… on Mar 07, 2023 — 8:03 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

GBP/USD – Targets the range top — 11/21/24
NZD/JPY – Showing bearish signs — 11/20/24
GBP/USD – Falling Wedge Breakout — 11/19/24
GBP/USD – Rectangle Breakout https://www.proacttraders.com/blog/ — 11/18/24
GBP/CHF – In A Breakout — 11/13/24

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 — 3 years ago

See All Reviews →

Pro Act