GBP/USD intraday forecast of high and low of the day for August 07, 2020

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The daily high and low, according to the Central Bank Dealer Range (CBDR), are usually at STDV 2-STDV 4 amid normal market condition. However, sometimes, it can reach the STDV 5-STDV 6 due to high volatility in the market. Here are today's levels:

STDV 10 - 1.3340.

STDV 9 - 1.3321.

STDV 8 - 1.3302.

STDV 7 - 1.3283.

STDV 6 - 1.3264.

STDV 5 - 1.3245.

STDV 4 - 1.3226.

STDV 3 - 1.3207.

STDV 2 - 1.3188.

STDV 1 - 1.3169.

CBDR - 1.3150.

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CBDR - 1.3131.

STDV 1 - 1.3112.

STDV 2 - 1.3093.

STDV 3 - 1.3074.

STDV 4 - 1.3055.

STDV 5 - 1.3036.

STDV 6 - 1.3107.

STDV 7 - 1.2998.

STDV 8 - 1.2979.

STDV 9 - 1.2960.

STDV 10 - 1.2941.

Pay attention to the level of confluence between today's and yesterday's range of 1.3112, 1.3169, 1.3226. Besides, the previous day high of 1.3185 with the previous day low of 1.3108 should be taken into account as all these levels could be potential turning points.

(Disclaimer)

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