GBP/USD Heads Up Again
GBP/USD
+0.18%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
The current value of the GBP/USD 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
