GBP/USD – nice channel in a range

Note: ISM and Jolts today

Bearish: We are currently @ 1.2631 in a flag pattern (bearish) in a channel and in a range. We are looking for a continuation to the ATR target @ 1.2541 with the further target the range bottom @ 1.2526. area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 89 pips per day and it’s 103 day average is 92 pips per day. USDX is trying to move up.

Posted to Introduction to Forex Targe… on Dec 05, 2023 — 8:12 AM

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