Forex Opinion & Analysis

GBP/USD Could Break Lower

GBP/USD is currently going up at the time of this post. We are now at 1.3231 and in a channel.

We have convergence to the downside. We are looking for a move to the average true range (ATR) target at 1.3182.

Watch the DXY for any change in direction. The ATR for the pair currently is 83 pips per day, and its 180-day average is 88 pips.

GBP/USD 4-hour chart technical analysis.

Source

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