GBPUSD Flag breakout

Feb 07, 2023

Bearish: We are currently @ 1.1962 in a range and out of the flag pattern We are looking for continuation to the ATR target @ 1900 area with a further target the Flag target @ 1.1836. We have convergence in play for continuation. Watch the USDX for direction. The average daily true range (ATR) for the pair is 118 pips and it’s 180 day average is 138 pips per day. USDX is currently threatening UP