GBP/USD: Back in the Channel

 | Mar 27, 2024 08:48AM ET

Bearish:  Currently we are at 1.2618 in a channel  in a range.  We are looking to continue to the ATR target @ 1.2560  with a further 1.618 Fibo target @ 1.2542  area.   Watch the USDX for direction. The average daily true range (ATR) for the pair is  72 pips per day and it’s 90 day average is 85 pips per day. USDX is trying to go up.