Technical Analysis : GBP/USD 21 April 2020

Forex Technical Analysis : GBPUSD

Target Level 1.2367

Date : 21 April 2020

Resistance Line (A) : 1.2517 – Last TP of Rectangle

Target Period : 16 hours

Interval : 1 hour

Pattern : Rectangle

Length : 58 Candles

Detail : Rectangle has broken through the support line at 21-Apr-10:00. Possible bearish price movement forecast for the next 16 hours towards 1.2367. (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.

– Risk and volatility information.