Technical Analysis : GBP/USD 10 April 2020

Forex Technical Analysis : GBPUSD

Target Level 1.2361

Date : 10 April 2020

Support Line (A) : 1.2361 – Last TP of Rising Wedge

Resistance Line (B) : 1.2480 – Last TP of Rising Wedge

Target Period : 15 hours

Interval : 1 hour

Pattern : Rising Wedge

Length : 71 Candles

Detail : Rising Wedge identified at 10-Apr-05:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2361 within the next 15 hours.

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.