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Intraday forecastBritish Pound vs. US Dollar technical chart
SymbolGBPUSD
Release TimeThu, 03/14/2019 - 23:52
Advisebuy (limit) above S1=1.32
Intraday
Short term
Yesterday range124
Yesterday high1.3331
Yesterday low1.3206
Yesterday close1.3258
R31.338
R21.3335
R11.3285
S11.32
S21.318
S31.3075
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.32.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3285.
TP4: R2=1.3335.
Set the stoploss of these orders at breakout of S2=1.318.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.318.
In this situation, there is an expectation to reach the target S3=1.3075.
Set the stoploss of reverse orders at breakout of S1=1.32.

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