GBP/USD Intraday High and Low Projection For March 06, 2020

analytics5e61c465dd3ea.jpg

The High Of The Day and Low Of The Day from the Central Bank Dealer Range (CBDR) today are usually formed at STDV 2-STDV 4 under normal market conditions, but sometimes the price can reach the STDV 5-STDV 6. Here are the levels for today:

STDV 10 - 1.3247.

s STDV 9 - 1.3219.

STDV 8 - 1.3191.

STDV 7 - 1.3163.

STDV 6 - 1.3135.

STDV 5 - 1.3107.

STDV 4 - 1.3079.

STDV 3 - 1.3051.

STDV 2 - 1.3023.

STDV 1 - 1.2995.

CBDR - 1.2967.

==================

CBDR - 1.2939.

STDV 1 - 1.2911.

STDV 2 - 1.2883.

STDV 3 - 1.2855.

STDV 4 - 1.2827.

STDV 5 - 1.2799.

STDV 6 - 1.2771.

STDV 7 - 1.2743.

STDV 8 - 1.2715.

STDV 9 - 1.2687.

STDV 10 - 1.2659.

Pay attention to the level of confluence between today's & yesterday range such at 1.2967, 1.2771 & the previous Day High 1.2967 with the Previous Day Low 1.2860. All these levels can be a potential turning point level.

Disclaimer: Trading Forex on margin carries a high level of risk, and may not be suitable for all traders or investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

The material has been provided by InstaForex Company - www.instaforex.com