GBP/USD – one last move

Nov 20, 2023

Bullish: We are currently @ 1.2470 in a channel. We are looking for a continuation to the ATR target @ 1.2500 with the further target for today the day chart top @ 1.2587 area. We have divergence in play so this may be the last move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 100 pips per day and it’s 90 day average is 95 pips per day. USDX is currently threatening a move down.