Forex Opinion & Analysis

GBP/USD Heads Up Again

  GBP/USD +0.04% Add to/Remove from Watchlist Add to Watchlist Add Position

Position added successfully to:

Please name your holdings portfolio Type: BUY SELL Date:   Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission:   Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close

The current value of the GBP/USD pair is 1.2407 and it has just emerged from a falling wedge in a range. We have noticed a convergence that suggests a potential upward movement. If we can surpass the resistance at this level, we anticipate a continuation to the ATR Target at 1.2455, with the further target for today being 0.386 Fibo @1.2478. It is recommended to keep an eye on the USDX for direction since the average daily true range (ATR) for the pair is 85 pips per day, and its 90-day average is 95 pips per day. Currently, the USDX is moving downwards.

GBPUSD –heads up again


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Become a Millionaire by Trading Crypto!