GBPUSD support broken-let’s go

Jul 06, 2022
Bearish:  We are currently @ 1.8885 in a channel. We have convergence to the downside.  We broke the support, so we are looking for a continuation to the ATR target @ 1.1800 area and then the 1.270 Fibo @ 1.1731 area. Watch the USDX for any change in direction. The ATR for the pair currently is 143 pips per day and its 180 day average is 125 pips per day. USDX is currently up at the time of this post.