Technical Analysis : GBP/JPY 20 March 2020

Forex Technical Analysis : GBPJPY

Target Level 129.5780

Date : 20 March 2020

Support Line (A) : 126.4335 – TP of Triangle

Resistance Line (B) : 129.5780 – TP of Triangle

Target Period : 9 hours

Interval : 1 hour

Pattern : Triangle

Length : 47 Candles

Detail : Triangle identified at 20-Mar-08:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 129.5780 within the next 9 hours. (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.

– Risk and volatility information.