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Intraday forecastBritish Pound / US Dollar technical chart
SymbolGBPUSD
Release TimeSeptember 15, 2021 - 21:08
Advisesell (limit) below R1=1.3885
Intraday
Short term
Yesterday range61
Yesterday high1.3853
Yesterday low1.3792
Yesterday close1.3841
R31.4005
R21.391
R11.3885
S11.3795
S21.3765
S31.373
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3885.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3795.
TP4: S2=1.3765.
Set the stoploss of these orders at breakout of R2=1.391.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.391.
In this situation, there is an expectation to reach the target R3=1.4005.
Set the stoploss of reverse orders at breakout of R1=1.3885.

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