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GBP/USD Should Breakout Shortly

10/27/2022

Less than a minute

2022.10.27 14:29

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Scott Barkley

is currently at 1.1565, attempting a breakout. We are looking for a move to the square up at 1.1500 with a further target, the 1.1430 level. We have convergence on the hourly.

Target) up is 1.7000 if it reverses. Watch the for any change in direction. The ATR for the pair currently is 203 pips per day, and its 180-day average is 173 pips per day. USDX is currently up.

GBP/USD price chart.