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GBP/USD Should Continue In The Channel

10/31/2022

Less than a minute

2022.10.31 10:14

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Scott Barkley

Bearish: is currently at 1.1531 in a new channel (and possible 3rd wave). We are looking for a move to the square up at 1.1500 with a further target ATR target at 1.1413.

We have convergence on the hourly. Target up is 1.1646 if it reverses. Watch the for any change in direction. The ATR for the pair currently is 199 pips per day and its 180-day average is 168 pips per day. USDX is currently up.

GBP/USD price chart.