Technical Analysis : GBP/USD 13 May 2020

Forex Technical Analysis : GBPUSD

Target Level 1.2378

Date : 13 May 2020

Support Line (A) : 1.2251 – Last TP of Falling Wedge

Resistance Line (B) : 1.2378 – Last TP of Falling Wedge

Target Period : 11 hours

Interval : 1 hour

Pattern : Falling Wedge

Length : 44 Candles

Detail : Falling Wedge identified at 13-May-10:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2378 within the next 11 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.