Technical Analysis : GBP/USD 12 August 2020

12 August 2020 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsGBP/USD

Forex Technical Analysis : GBPUSD 12 August 2020

Forex Technical Analysis : GBPUSD

Target Level 1.2962

Date : 12 August 2020

Support Line (A) : 1.3010 – Last TP of Triangle

Resistance Line (B) : 1.3132 – Last TP of Triangle

Target Period : 2 days

Interval : 4 hours

Pattern : Triangle

Length : 33 Candles

Detail : Triangle has broken through the support line at 12-Aug-12:00. Possible bearish price movement forecast for the next 2 days towards 1.2962. (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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