GBP/USD: Triangle Break

www.investing.com/analysis/gbpusd-triangle-break-200638854

By Scott Barkley | Jun 08, 2023 08:43AM ET

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GBP/USD

-0.44%

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Bearish: GBP/USD is currently at 139.42 in the channel. If we can break the triangle here, we are looking for a continuation to the 1.000 Fibo/ATR target at 138.78 with an overall target the 1.270 Fibo at 138.45.

Watch the USDX for directions. The average daily true range (ATR) for the pair is 121 pips per day, and it’s 180-day average is 160 pips per day. USDX is currently moving down.

GBPUSD – triangle break

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Comments (3)

StanleyGo Jun 08, 2023 11:16AM ET

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will the GBP come back again up ?

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Vedran Medić Jun 08, 2023 10:11AM ET

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gbpusd ?? this must bez energije error! usdjpy?

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Nadia Sandru Jun 08, 2023 9:23AM ET

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Thank you very much Scott, for your analyses, wich ate quite clear and accurate, but for thouse who are reading, its importante to pay attencion to the pair described with the pair titled.

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GBP/USD: Triangle Break

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