Technical Analysis : GBP/JPY 20 August 2020

Forex Technical Analysis : GBPJPY

Target Level 138.3520

Date : 20 August 2020

Support Line (A) : 138.5995 – Last TP of Triangle

Resistance Line (B) : 139.9570 – Last TP of Triangle

Target Period : 3 days

Interval : 1 hours

Pattern : Triangle

Length : 208 Candles

Detail : Triangle has broken through the support line at 20-Aug-13:00. Possible bearish price movement forecast for the next 3 days towards 138.3520. (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.