Technical Analysis : GBP/USD 18 May 2020

Forex Technical Analysis : GBPUSD

Target Level 1.2225

Date : 18 May 2020

Support Line (A) : 1.2076 – Last TP of Channel Down

Resistance Line (B) : 1.2225 – Last TP of Channel Down

Target Period : 2 days

Interval : 1 hour

Pattern : Channel Down

Length : 113 Candles

Detail : Channel Down identified at 18-May-13:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2225 within the next 2 days. (Supported by RSI below 40)

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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