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Intraday forecastBritish Pound / US Dollar graphique technique
SymboleGBPUSD
Release Timeseptembre 21, 2020 - 11:54
Advisesell (limit) below R1=1.2915
Intraday
Short term
Yesterday range85
Yesterday high1.2999
Yesterday low1.2914
Yesterday close1.2916
R31.3035
R21.294
R11.2915
S11.282
S21.2765
S31.2725
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2915.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.282.
TP4: S2=1.2765.
Set the stoploss of these orders at breakout of R2=1.294.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.294.
In this situation, there is an expectation to reach the target R3=1.3035.
Set the stoploss of reverse orders at breakout of R1=1.2915.

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