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Intraday forecastBritish Pound / US Dollar technical chart
SymbolGBPUSD
Release TimeApril 7, 2021 - 20:04
Advisesell (limit) below R1=1.3789
Intraday
Short term
Yesterday range117
Yesterday high1.3919
Yesterday low1.3802
Yesterday close1.3822
R31.39
R21.381
R11.3789
S11.3705
S21.367
S31.361
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3789.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3705.
TP4: S2=1.367.
Set the stoploss of these orders at breakout of R2=1.381.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.381.
In this situation, there is an expectation to reach the target R3=1.39.
Set the stoploss of reverse orders at breakout of R1=1.3789.

Latest forecasts
Release Time Symbol Intraday R S
Mon, Apr 12 2021, 20:24 GBPUSD new Subscribe! Subscribers Only Subscribers Only
Mon, Apr 12 2021, 13:55 GBPUSD Subscribe! Subscribers Only Subscribers Only
Thu, Apr 8 2021, 20:31 GBPUSD Subscribe! Subscribers Only Subscribers Only
Wed, Apr 7 2021, 20:04 GBPUSD free 1.39
1.381
1.3789
1.3705
1.367
1.361
Tue, Apr 6 2021, 20:14 GBPUSD Subscribe! Subscribers Only Subscribers Only