Technical Analysis : GBP/JPY 2 June 2020

Forex Technical Analysis : GBPJPY

Target Level 133.0880

Date : 2 June 2020

Support Line (A) : 133.0880 – Last TP of Rising Wedge

Resistance Line (B) : 134.7605 – Last TP of Rising Wedge

Target Period : 17 hours

Interval : 1 hour

Pattern : Rising Wedge

Length : 59 Candles

Detail : Rising Wedge identified at 02-Jun-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 133.0880 within the next 17 hours. (Supported by RSI above 60)

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.