Monday, January 30, 2023

GBP/USD: Downtrend To Continue | Investing.com

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trades in green at the time of this post. We are currently at 1.3732, and in a downwards channel.

We are looking for an initial move towards the average true range (ATR) target at 1.3681 followed by a move down to the 0.500 Fibonacci level in the 1.3662 zone.

Watch the pair for any change in direction. The ATR for the pair is 78 pips per day, and its 180-day average is 82 pips.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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