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Intraday forecastBritish Pound / US Dollar technical chart
SymbolGBPUSD
Release TimeFebruary 13, 2018 - 20:28
Advisebuy (limit) above S1=1.385
Intraday
Short term
Yesterday range80
Yesterday high1.3876
Yesterday low1.3796
Yesterday close1.3836
R31.4065
R21.399
R11.3925
S11.385
S21.3835
S31.3745
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.385.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3925.
TP4: R2=1.399.
Set the stoploss of these orders at breakout of S2=1.3835.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3835.
In this situation, there is an expectation to reach the target S3=1.3745.
Set the stoploss of reverse orders at breakout of S1=1.385.

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