GBP/USD Intraday Projection For August 18, 2020

The high of the day and low of the day from the Central Bank Dealer Range (CBDR) are usually formed at the STDV 2-STDV 4 in the normal market condition. Sometimes, they can reach the STDV 5-STDV 6 during the high volatility condition in the market. Here are today's levels:

STDV 10 - 1.3493.

STDV 9 - 1.3457.

STDV 8 - 1.3421.

STDV 7 - 1.3385.

STDV 6 - 1.3349.

STDV 5 - 1.3313.

STDV 4 - 1.3277.

STDV 3 - 1.3241.

STDV 2 - 1.3205.

STDV 1 - 1.3169.

CBDR - 1.3133.

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CBDR - 1.3097.

STDV 1 - 1.3061.

STDV 2 - 1.3025.

STDV 3 - 1.2989.

STDV 4 - 1.2953.

STDV 5 - 1.2917.

STDV 6 - 1.2881.

STDV 7 - 1.2845.

STDV 8 - 1.2809.

STDV 9 - 1.2773.

STDV 10 - 1.2737.

Pay attention to the level of confluence between today's & yesterday range of 1.3169, 1.2917 and the previous day high of 1.3121 with the previous day low of 1.3073. All these levels could become a potential turning point.

(Disclaimer)

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