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Intraday forecastBritish Pound / US Dollar graphique technique
SymboleGBPUSD
Release Timenovembre 26, 2020 - 20:43
Advisebuy (limit) above S1=1.332
Intraday
Short term
Yesterday range90
Yesterday high1.3393
Yesterday low1.3303
Yesterday close1.3366
R31.3485
R21.342
R11.3395
S11.332
S21.3305
S31.322
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.332.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3395.
TP4: R2=1.342.
Set the stoploss of these orders at breakout of S2=1.3305.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3305.
In this situation, there is an expectation to reach the target S3=1.322.
Set the stoploss of reverse orders at breakout of S1=1.332.

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