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Intraday forecastBritish Pound / US Dollar technical chart
SymbolGBPUSD
Release TimeSeptember 13, 2021 - 22:46
Advisebuy (limit) above S1=1.3785
Intraday
Short term
Yesterday range54
Yesterday high1.3851
Yesterday low1.3797
Yesterday close1.3839
R31.3945
R21.3885
R11.3855
S11.3785
S21.3765
S31.3675
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3785.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3855.
TP4: R2=1.3885.
Set the stoploss of these orders at breakout of S2=1.3765.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3765.
In this situation, there is an expectation to reach the target S3=1.3675.
Set the stoploss of reverse orders at breakout of S1=1.3785.

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