Forex Opinion & Analysis

GBP/USD To Continue In The Channel

 

GBP/USD
-0.46%

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1:25
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DX
+0.16%

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
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Create a new holdings portfolio
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Create

+ Add another position
Close

GBP/USD is bearish and currently at 1.1234 and in a channel. We are looking for a move to the ATR target at 1.1087 with a further target of the S5 at 1.1063.

Watch the USDX for any change in direction. The ATR for the pair currently is 230 pips per day, and its 180-day average is 184 pips per day. USDX is currently up.

GBP/USD price chart.

Source

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