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GBP/USD: Still on Track

06/29/2023

Less than a minute

2023.06.29 10:35

Scott Barkley

Bearish: We are currently @ 1.2624 in a flag pattern that is bearish.. IF we can break support here, we are looking for a continuation to the ATR Target (NYSE:) @ 1.2545 with the overall target today the 1.618 Fibo @ 1.2502.

Watch the USDX for direction. The average daily true range (ATR) for the pair is 96 pips per day and it’s 90 day average is 99 pips per day. USDX is currently moving up.

GBPUSD – Still on track