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Intraday forecastBritish Pound / US Dollar technical chart
SymbolGBPUSD
Release TimeTemmuz 13, 2020 - 19:48
Advisesell (limit) below R1=1.2595
Intraday
Short term
Yesterday range97
Yesterday high1.2663
Yesterday low1.2566
Yesterday close1.2622
R31.2705
R21.2615
R11.2595
S11.251
S21.2445
S31.24
Trade setup

As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=1.2595.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.251.
TP4: S2=1.2445.
Set the stoploss of these orders at breakout of R2=1.2615.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.2615.
In this situation, there is an expectation to reach the target R3=1.2705.
Set the stoploss of reverse orders at breakout of R1=1.2595.

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