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Dear Subscribers,
We would like to inform you that, the UK's Conservative Party leadership election on 23.07.2019, will be significantly important and may trigger abnormal market conditions, including but not limited to:
  • Extreme market volatility
  • Thin market liquidity
  • Abnormal spreads
  • Price gaps
  • Slippage on executed orders
Please note that there is strong possibility of increased volatility on the day of the announcement which is very likely to affect GBP instruments.
We strongly recommend that you take the above risks into consideration when planning your trading strategy, and ensure that you have sufficient funds in your account to cover your open positions.
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Intraday forecastBritish Pound vs. US Dollar technical chart
SymbolGBPUSD
Release TimeThu, 07/11/2019 - 19:46
Advisebuy (limit) above S1=1.2495
Intraday
Short term
Yesterday range77
Yesterday high1.252
Yesterday low1.2443
Yesterday close1.2499
R31.266
R21.257
R11.254
S11.2495
S21.246
S31.2355
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2495.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.254.
TP4: R2=1.257.
Set the stoploss of these orders at breakout of S2=1.246.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.246.
In this situation, there is an expectation to reach the target S3=1.2355.
Set the stoploss of reverse orders at breakout of S1=1.2495.

Latest forecasts
Release Time Symbol Intraday R S
Tue, Jul 23 2019, 20:27 GBPUSD new Subscribe! Subscribers Only Subscribers Only
Mon, Jul 22 2019, 19:56 GBPUSD free 1.259
1.2555
1.2515
1.2455
1.2435
1.2345
Mon, Jul 22 2019, 11:24 GBPUSD Subscribe! Subscribers Only Subscribers Only
Thu, Jul 18 2019, 20:15 GBPUSD free 1.266
1.259
1.256
1.2495
1.2475
1.2385
Wed, Jul 17 2019, 20:29 GBPUSD Subscribe! Subscribers Only Subscribers Only