GBPUSD back in channel

Bearish: USDX is currently going up at the time of this post. We are currently @ 1.3231 in a channel. We have convergence to the downside. We are looking for an initial move to the ATR target @ 1.3182. Watch the USDX for any change in direction. The ATR for the pair currently is 83 pips per day and its 180 day average is 88 pips.

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Posted to Introduction to Forex Targe… on Dec 07, 2021 — 8:12 AM

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