Technical Analysis : GBP/JPY 14 July 2020

Forex Technical Analysis : GBPJPY

Target Level 133.7636

Date : 14 July 2020

Support Line (A) : 134.2880 – Last TP of Triangle

Resistance Line (B) : 135.4850 – Last TP of Triangle

Target Period : 3 days

Interval : 4 hours

Pattern : Triangle

Length : 56 Candles

Detail : Triangle has broken through the support line at 14-Jul-04:00. Possible bearish price movement forecast for the next 3 days towards 133.7636. (Supported by Downward sloping Moving Average)

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.