Technical Analysis : GBP/JPY 27 July 2020

Forex Technical Analysis : GBPJPY

Target Level 135.0030

Date : 27 July 2020

Support Line (A) : 135.0030 – Last TP of Falling Wedge

Resistance Line (B) : 135.8300 – Last TP of Falling Wedge

Target Period : 20 hours

Interval : 1 hour

Pattern : Falling Wedge

Length : 67 Candles

Detail : Falling Wedge identified at 27-Jul-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 135.0030 within the next 20 hours. (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.

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