ForecastCity
Short

GBPUSD Intraday Forecast

FX:GBPUSD   British Pound / U.S. Dollar
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.288.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.28.
TP4: S2=1.275.
Set the stoploss of these orders at breakout of R2=1.292.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.292.
In this situation, there is an expectation to reach the target R3=1.303.
Set the stoploss of reverse orders at breakout of R1=1.288.

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