GBPUSD Wedge Opportunity

Waiting w/Bearish bias: We are currently @ 1.3686 in a range and a symmetrical wedge. IF we can break this wedge support, we are looking for a move down to the ATR Target @ 1.3577 area. A continuation would target the S4/.786 Fibo @ 1.3515. If it breaks north target the Day top @ 1.3756. Watch the USDX for any change in direction. The ATR for the pair currently is 103 pips per day.

Posted to Introduction to Forex Targe… on Jan 25, 2021 — 8:01 AM

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