Technical Analysis : GBP/JPY 19 May 2020

Forex Technical Analysis : GBPJPY

Target Level 132.8295

Date : 19 May 2020

Support Line (A) : 129.3160 – Last TP of Falling Wedge

Resistance Line (B) : 132.8295 – Last TP of Falling Wedge

Target Period : 3 days

Interval : 4 hours

Pattern : Falling Wedge

Length : 70 Candles

Detail : Falling Wedge identified at 18-May-20:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 132.8295 within the next 3 days. (Supported by Upward 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.

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