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Intraday forecastBritish Pound / US Dollar technical chart
SymbolGBPUSD
Release TimeJanuary 13, 2022 - 22:57
Advisebuy (limit) above S1=1.364
Intraday
Short term
Yesterday range50
Yesterday high1.3749
Yesterday low1.3699
Yesterday close1.3705
R31.378
R21.375
R11.3715
S11.364
S21.362
S31.3535
Trade setup

As we forecast uptrend for this day, so [site:name] suggests buy (limit) above S1=1.364.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3715.
TP4: R2=1.375.
Set the stoploss of these orders at breakout of S2=1.362.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.362.
In this situation, there is an expectation to reach the target S3=1.3535.
Set the stoploss of reverse orders at breakout of S1=1.364.

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