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Intraday forecastBritish Pound / US Dollar Gráfico técnico
SímboloGBPUSD
Release TimeMayo 10, 2021 - 13:31
Advisebuy (limit) above S1=1.405
Intraday
Short term
Yesterday range119
Yesterday high1.4006
Yesterday low1.3886
Yesterday close1.3987
R31.424
R21.4185
R11.4155
S11.405
S21.401
S31.39
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.405.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.4155.
TP4: R2=1.4185.
Set the stoploss of these orders at breakout of S2=1.401.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.401.
In this situation, there is an expectation to reach the target S3=1.39.
Set the stoploss of reverse orders at breakout of S1=1.405.

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