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Intraday forecastBritish Pound / US Dollar Gráfico técnico
SímboloGBPUSD
Release TimeAgosto 22, 2013 - 22:34
Advisesell (limit) below R1=1.564
Intraday
Short term
Yesterday range105
Yesterday high1.5667
Yesterday low1.5562
Yesterday close1.5587
R31.575
R21.566
R11.564
S11.5575
S21.5545
S31.551
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.564.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.5575.
TP4: S2=1.5545.
Set the stoploss of these orders at breakout of R2=1.566.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.566.
In this situation, there is an expectation to reach the target R3=1.575.
Set the stoploss of reverse orders at breakout of R1=1.564.

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