Technical Analysis : GBP/USD 24 February 2020

Forex Technical Analysis : GBPUSD

Target Level 1.3049

Date : 24 February 2020

Support Line (A) : 1.2849 – Last TP of Falling Wedge

Resistance Line (B) : 1.3049 – Last TP of Falling Wedge

Target Period : 2 days

Interval : 4 hours

Pattern : Falling Wedge

Length : 87 Candles

Detail : Falling Wedge identified at 21-Feb-17:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3049 within the next 2 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.