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Intraday forecastBritish Pound vs. US Dollar technical chart
SymbolGBPUSD
Release TimeWed, 12/04/2019 - 20:18
Advisebuy (limit) above S1=1.305
Intraday
Short term
Yesterday range81
Yesterday high1.3011
Yesterday low1.293
Yesterday close1.2992
R31.3175
R21.315
R11.312
S11.305
S21.301
S31.29
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.305.
As short term forecast is uptrend too, so there is an expectation to reach the following targets:
TP1: R1=1.312.
TP2: R2=1.315.
TP3: R3=1.3175.
TP4:
To follow the trend, set an order without takeprofit (free trade) and while short term forecast remains unchanged, keep it open.
Set the stoploss of these orders at breakout of S2=1.301.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.301.
In this situation, there is an expectation to reach the target S3=1.29.
Set the stoploss of reverse orders at breakout of S1=1.305.

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