[stock_market_widget type="clock-markets" template="analog" timezone="America/New_York" title="New York" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Europe/London" title="London" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Europe/Brussels" title="Brussels" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Asia/Hong_Kong" title="Hong Kong" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Asia/Tokyo" title="Tokyo" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Australia/Sydney" title="Sydney" style="font-size: 7px; width: 100px;"]

GBP/USD: Breakout in the Offing?

12/07/2023

Less than a minute

2023.12.07 09:17

Scott Barkley

Bullish: We are currently @ 1.2583 breaking slope resistance in a range. We are looking for a continuation to the ATR target @ 1.2631 with the further target the 2.618 Fibo @ 1.2671 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 86 pips per day and it’s 90 day average is 91 pips per day. USDX is Down.

GBPUSD – Breakout