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GBP/USD: Channel Continuation

10/17/2022

Less than a minute

2022.10.17 14:00

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Scott Barkley

Bullish: is currently at 1.1349 in a 5th wave in a channel. Above 1.1370, look for a move to the ATR at 1.1465. Watch the for any change in direction. The ATR for the pair currently is 241 pips per day and its 180-day average is 187 pips per day. USDX is currently down.

GBPUSD – Channel Continuation