Forex analytics and overview

GBP/USD Heads Up Again

09/19/2023

Less than a minute

2023.09.19 09:07

Scott Barkley

The current value of the pair is 1.2407 and it has just emerged from a falling wedge in a range. We have noticed a convergence that suggests a potential upward movement. If we can surpass the resistance at this level, we anticipate a continuation to the ATR Target at 1.2455, with the further target for today being 0.386 Fibo @1.2478. It is recommended to keep an eye on the USDX for direction since the average daily true range (ATR) for the pair is 85 pips per day, and its 90-day average is 95 pips per day. Currently, the USDX is moving downwards.

GBPUSD –heads up again

09/19/2023

Less than a minute

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