Technical Analysis : GBP/JPY 27 August 2019

27 August 2019 Analysis (Forex, Currency Pair, CFDs, Crypto, etc.)AutochartistCurrency PairGBP/JPY

Forex Technical Analysis : GBPJPY (27 August 2019)

Forex Technical Analysis : GBPJPY

Target Level 128.2100

Support Line (A) : 128.2100 – Last TP of Descending Triangle

Resistant Line (B) : 130.1410 – Last TP of Descending Triangle

Target Period : day

Interval : 4 hours

Pattern : Descending Triangle

Length : 27 Candles

Identified : 27-August-19

Detail : Descending Triangle identified at 27-Aug-08:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 128.2100 within the next day. (Supported by Downward sloping Moving Average)

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