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Intraday forecastBritish Pound / US Dollar technical chart
SymbolGBPUSD
Release TimeNisan 12, 2021 - 20:24
Advisesell (limit) below R1=1.3795
Intraday
Short term
Yesterday range81
Yesterday high1.3751
Yesterday low1.367
Yesterday close1.3702
R31.3895
R21.381
R11.3795
S11.3715
S21.367
S31.361
Trade setup

As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=1.3795.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3715.
TP4: S2=1.367.
Set the stoploss of these orders at breakout of R2=1.381.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.381.
In this situation, there is an expectation to reach the target R3=1.3895.
Set the stoploss of reverse orders at breakout of R1=1.3795.

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