GBPUSD breakout opportunity

Bullish: We are currently @ 1.3042. We have the first sign of a breakout up. IF we can break the 1.3080 resistance, we are looking for a move to the ATR target @ 1.3145-3150 area. Watch the USDX for any change in direction. The ATR for the pair currently is 81 pips per day and its 180 day average is 85 pips per day. USDX is currently DOWN at the time of this post.

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Posted to Introduction to Forex Targe… on Apr 18, 2022 — 8:04 AM
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