GBPUSD Intraday expect to reach the following targets

forexinworld Updated   
SAXO:GBPUSD   British Pound / U.S. Dollar
Buy (limit) above S1=1.2035.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2135.
TP4: R2=1.217.
Set the stoploss of these orders at breakout of S2=1.196.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.196.
In this situation, there is an expectation to reach the target S3=1.1815.
Set the stoploss of reverse orders at breakout of S1=1.2035.
Trade closed: target reached:
take profit and Close manually.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.