GBP/USD – Falling Wedge Breakout

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GBP/USD – Falling Wedge Breakout

By Pro Act Traders — Author

Forex Strategy is Bullish: We are currently @ 1.2652 in a Falling wedge Breakout. If USDX continues down, we are looking for a continuation to the ATR target @ 1.2726 area and then to the 1.618 Fibo @ 1.2757. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 113 pips and it’s 90-day average is 85 pips per day.

Posted to Introduction to Forex Targe… on Nov 19, 2024 — 8:11 AM

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

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