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Intraday forecastBritish Pound / US Dollar technical chart
SymbolGBPUSD
Release TimeSeptember 15, 2020 - 20:41
Advisesell (limit) below R1=1.2985
Intraday
Short term
Yesterday range152
Yesterday high1.2918
Yesterday low1.2766
Yesterday close1.2845
R31.314
R21.3025
R11.2985
S11.2865
S21.281
S31.2765
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2985.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.2865.
TP4: S2=1.281.
Set the stoploss of these orders at breakout of R2=1.3025.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3025.
In this situation, there is an expectation to reach the target R3=1.314.
Set the stoploss of reverse orders at breakout of R1=1.2985.

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