Technical Analysis : GBP/USD 4 August 2020

Forex Technical Analysis : GBPUSD

Target Level 1.3136

Date : 4 August 2020

Support Line (A) : 1.3005 – Last TP of Channel Up

Resistance Line (B) : 1.3136 – Last TP of Channel Up

Target Period : 2 days

Interval : 4 hours

Pattern : Channel Up

Length : 49 Candles

Detail : Channel Up identified at 04-Aug-04:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3136 within the next 2 days. (Supported by Upward sloping Moving Average)

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.