Forex analytics and overview
GBP/USD: Bearish Signals Emerge as Triple Top Forms
2024.11.05 13:42
Forex Strategies Bearish: is currently @ 1.2997 after a triple top in place. We are looking for a continuation to the ATR target @ 1.2916 and then further movement to the 0.618 Fibo @ 1.2875. Divergence is in play for the short. Watch the USDX for directions. The average daily true range (ATR) for the pair currently is 82 pips and its 90-day average is 80 pips.