Technical Analysis : GBP/JPY 17 June 2020

Forex Technical Analysis : GBPJPY

Target Level 136.3490

Date : 17 June 2020

Support Line (A) : 134.4425 – Last TP of Rising Wedge

Resistance Line (B) : 136.3490 – Last TP of Rising Wedge

Target Period : 21 hours

Interval : 15 Minutes

Pattern : Rising Wedge

Length : 267 Candles

Detail : Rising Wedge identified at 17-Jun-12:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 136.3490 within the next 21 hours.

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

Source : Autochartist

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.