Technical Analysis : GBP/USD 21 May 2020

Forex Technical Analysis : GBPUSD

Target Level 1.2076

Date : 21 May 2020

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

Resistance Line (B) : 1.2288 – Last TP of Channel Down

Target Period : 3 days

Interval : 4 hours

Pattern : Channel Down

Length : 55 Candles

Detail : Channel Down identified at 21-May-04:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2076 within the next 3 days.

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.