GBPUSD Forecast 20th - 24th September 2021
Possible High : - 1.3775
Possible Low : - 1.3510
Bias: - Heavily Bearish
Scenarios for the rest of September 2021
Current September range stands at 187 pips so far (1.3913 - 1.3726) which is the lowest first 15 trade days range since the beginning of year 2021.
Minimum September range in the last 8 years stands at 530 pips, which means further 340 pips is expected to break either the high (1.3913) or the low (1.3735).
Considering there are just 9 trade days left in September and the current price is closer to the low and farther from the high, then it is relatively safe to say the Low is vulnerable to being broken.
1.3726 + 530 pips = 1.4256 (15% chance of occurrence)
1.3913 - 530 pips = 1.3383 (55% chance of occurrence)
Minimum Monthly Range This Year (2021) is 330 pips
1.3726 + 330 pips = 1.4056 (20% chance of occurrence)
1.3913 - 330 pips = 1.3583 (75% chance of occurrence) ✓
This is an informational update with no obligation to follow.
Cheers,
George.
Possible High : - 1.3775
Possible Low : - 1.3510
Bias: - Heavily Bearish
Scenarios for the rest of September 2021
Current September range stands at 187 pips so far (1.3913 - 1.3726) which is the lowest first 15 trade days range since the beginning of year 2021.
Minimum September range in the last 8 years stands at 530 pips, which means further 340 pips is expected to break either the high (1.3913) or the low (1.3735).
Considering there are just 9 trade days left in September and the current price is closer to the low and farther from the high, then it is relatively safe to say the Low is vulnerable to being broken.
1.3726 + 530 pips = 1.4256 (15% chance of occurrence)
1.3913 - 530 pips = 1.3383 (55% chance of occurrence)
Minimum Monthly Range This Year (2021) is 330 pips
1.3726 + 330 pips = 1.4056 (20% chance of occurrence)
1.3913 - 330 pips = 1.3583 (75% chance of occurrence) ✓
This is an informational update with no obligation to follow.
Cheers,
George.
Rejections spur me for greatness!!!
15