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GBP/USD Bullish Strategy: ATR Target in Sight Amid USDX Downtrend

11/21/2024

Less than a minute

2024.11.21 11:46

Forex Strategy is Bullish: We are currently @ 1.2647 after a bounce. If USDX continues down, we are looking for a continuation to the ATR target/Range top @ 1.2727 area and then to the 1.270 Fibo @ 1.2753. Watch the for direction. The average daily true range (ATR) for the pair currently is 105 pips and it’s 90-day average is 85 pips per day.

GBPUSD – Targets the range top