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Intraday forecastBritish Pound / US Dollar technical chart
SymbolGBPUSD
Release TimeTemmuz 23, 2019 - 20:27
Advisebuy (limit) above S1=1.24
Intraday
Short term
Yesterday range58
Yesterday high1.2513
Yesterday low1.2455
Yesterday close1.2474
R31.2555
R21.248
R11.246
S11.24
S21.238
S31.229
Trade setup

As we forecast Yükseliş trend for this day, so Forecast City suggests buy (limit) above S1=1.24.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.246.
TP4: R2=1.248.
Set the stoploss of these orders at breakout of S2=1.238.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.238.
In this situation, there is an expectation to reach the target S3=1.229.
Set the stoploss of reverse orders at breakout of S1=1.24.

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