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Intraday forecastBritish Pound / US Dollar Gráfico técnico
SímboloGBPUSD
Release TimeMarzo 3, 2021 - 22:16
Advisesell (limit) below R1=1.402
Intraday
Short term
Yesterday range85
Yesterday high1.4006
Yesterday low1.3921
Yesterday close1.3949
R31.4145
R21.4045
R11.402
S11.392
S21.386
S31.3775
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.402.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.392.
TP4: S2=1.386.
Set the stoploss of these orders at breakout of R2=1.4045.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.4045.
In this situation, there is an expectation to reach the target R3=1.4145.
Set the stoploss of reverse orders at breakout of R1=1.402.

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