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Intraday forecastBritish Pound vs. US Dollar technical chart
SymbolGBPUSD
Release TimeWed, 02/06/2019 - 19:53
Advisesell (limit) below R1=1.298
Intraday
Short term
Yesterday range127
Yesterday high1.3051
Yesterday low1.2924
Yesterday close1.294
R31.313
R21.302
R11.298
S11.2925
S21.289
S31.283
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.298.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.2925.
TP4: S2=1.289.
Set the stoploss of these orders at breakout of R2=1.302.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.302.
In this situation, there is an expectation to reach the target R3=1.313.
Set the stoploss of reverse orders at breakout of R1=1.298.

Latest forecasts
Release Time Symbol Intraday R S
Thu, Aug 22 2019, 19:55 GBPUSD free 1.2385
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Wed, Aug 21 2019, 23:36 GBPUSD Subscribe! Subscribers Only Subscribers Only
Tue, Aug 20 2019, 20:47 GBPUSD Subscribe! Subscribers Only Subscribers Only
Mon, Aug 19 2019, 20:41 GBPUSD free 1.221
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Mon, Aug 19 2019, 09:24 GBPUSD Subscribe! Subscribers Only Subscribers Only