Technical Analysis : GBP/USD 24 April 2020

Forex Technical Analysis : GBPUSD

Target Level 1.2247

Date : 24 April 2020

Support Line (A) : 1.2247 – Last TP of Channel Down

Resistance Line (B) : 1.2415 – Last TP of Channel Down

Target Period : 2 days

Interval : 4 hours

Pattern : Channel Down

Length : 43 Candles

Detail : Channel Down identified at 24-Apr-08:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2247 within the next 2 days. (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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