GBP/USD: Second Day Of A Rising Wedge Opportunity
Scott Barkley | Jan 11, 2022 08:49AM ET
USDX is currently going up at the time of this post. GBP/USD is currently at 1.3569, just out of a rising wedge for the second day. We have the divergence in play.
We are looking for an initial move to the ATR Target at the 1.3500 area with a continuation to the 0.382 Fibo at 1.3437.
Watch the USDX for any change in direction. The ATR for the pair currently is 78 pips per day and its 180 day average is 84 pips per day.
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