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GBP/USD – Falling Wedge Breakout

11/19/2024

Less than a minute

2024.11.19 10:53

Forex Strategy is Bullish: We are currently @ 1.2652 in a Falling wedge Breakout. If USDX continues down, we are looking for a continuation to the ATR target @ 1.2726 area and then to the 1.618 Fibo @ 1.2757. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 113 pips and it’s 90-day average is 85 pips per day.

GBPUSD – Falling Wedge Breakout