Technical Analysis : GBP/JPY 19 March 2020

Forex Technical Analysis : GBPJPY

Target Level 124.0575

Date : 19 March 2020

Support Line (A) : 124.0575 – TP of Channel Down

Resistance Line (B) : 125.9685 – TP of Channel Down

Target Period : 13 hours

Interval : 15 Minutes

Pattern : Channel Down

Length : 157 Candles

Detail : Channel Down identified at 19-Mar-13:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 124.0575 within the next 13 hours. (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

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.