Forex analytics and overview

GBP/USD: Downward Channel Looks To Continue

05/10/2022

Less than a minute

2022.05.10 16:26

Bearish

GBP/USD is currently at 1.2328, trading in a downward channel. We are looking for a continuation to the ATR target of 1.2183.

Watch the USDX for any change in direction. The ATR for the pair currently is 151 pips per day and its 180 day average is 127 pips per day.

USDX is currently UP at the time of this post.

GBP/USD: Downward Channel Looks To Continue GBP/USD Daily Chart

05/10/2022

Less than a minute

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