Technical Analysis : GBP/USD 8 April 2020

Forex Technical Analysis : GBPUSD

Target Level 1.2166

Date : 8 April 2020

Support Line (A) : 1.2166 – Last TP of Falling Wedge

Resistance Line (B) : 1.2385 – Last TP of Falling Wedge

Target Period : 2 days

Interval : 4 hours

Pattern : Falling Wedge

Length : 37 Candles

Detail : Falling Wedge identified at 08-Apr-12:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2166 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.