GBPUSD Intraday Forecast | Forex | Forecast City

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Intraday forecasts

Forex
Symbol	Released
EURUSD	Sep 07
GBPUSD	Sep 07
AUDUSD	Sep 07
NZDUSD	Sep 07
USDCHF	Sep 07
EURJPY	Sep 05
GBPJPY	Sep 05
USDCAD	Sep 05
USDJPY	Sep 05

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Intraday forecast		British Pound / US Dollar technical chart
Symbol	GBPUSD
Release Time	August 16, 2007 - 17:01
Advise	buy (limit) above S1=1.9816
Intraday
Short term
Yesterday range
Yesterday high
Yesterday low
Yesterday close
R3	1.9969
R2	1.9923
R1	1.9887
S1	1.9816
S2	1.9778
S3	1.9733
Trade setup
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.9816. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.9778. In this situation, there is an expectation to reach the target S3=1.9733. Set the stoploss of reverse orders at breakout of S1=1.9816.

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