Technical Analysis : GBP/JPY 27 March 2020

Forex Technical Analysis : GBPJPY

Target Level 130.6515

Date : 27 March 2020

Support Line (A) : 130.6515 – TP of Rising Wedge

Resistance Line (B) : 133.8225 – TP of Rising Wedge

Target Period : 17 hours

Interval : 1 hour

Pattern : Rising Wedge

Length : 67 Candles

Detail : Rising Wedge identified at 27-Mar-09:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 130.6515 within the next 17 hours.

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.