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Intraday forecastBritish Pound / US Dollar technical chart
SymbolGBPUSD
Release TimeJune 22, 2022 - 22:16
Advisebuy (limit) above S1=1.22
Intraday
Short term
Yesterday range153
Yesterday high1.2315
Yesterday low1.2161
Yesterday close1.2262
R31.248
R21.2405
R11.2315
S11.22
S21.216
S31.205
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.22.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2315.
TP4: R2=1.2405.
Set the stoploss of these orders at breakout of S2=1.216.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.216.
In this situation, there is an expectation to reach the target S3=1.205.
Set the stoploss of reverse orders at breakout of S1=1.22.

Latest forecasts
Release Time Symbol Intraday R S
Tue, Jun 28 2022, 21:18 GBPUSD new Subscribe! Subscribers Only Subscribers Only
Mon, Jun 27 2022, 11:49 GBPUSD Subscribe! Subscribers Only Subscribers Only
Fri, Jun 24 2022, 01:00 GBPUSD Subscribe! Subscribers Only Subscribers Only
Wed, Jun 22 2022, 22:16 GBPUSD free 1.248
1.2405
1.2315
1.22
1.216
1.205
Mon, Jun 20 2022, 13:31 GBPUSD Subscribe! Subscribers Only Subscribers Only