Forex analytics and overview
GBP/USD Coming off the Range Top
2023.08.22 09:33
The current exchange rate for is 1.2746 and it appears to be trading within a certain range. It’s important to note that if the slope support breaks, it could have a significant impact.
Our prediction is that the rate will continue to drop to 1.618 Fibo at 1.2703, with a further target of 1.000 Fibo/ATR target at 1.2665. It’s important to keep an eye on the direction of the USDX.
The average daily true range for the pair is 92 pips per day, while the 90-day average is 94 pips per day. Currently, the USDX is showing an upward trend.
GBPUSD – coming off the range top
