Technical Analysis : USD/JPY 1 July 2020

Forex Technical Analysis : USDJPY

Target Level 106.7990

Date : 1 July 2020

Support Line (A) : 106.7990 – Last TP of Rising Wedge

Resistance Line (B) : 108.1635 – Last TP of Rising Wedge

Target Period : 2 days

Interval : 4 hours

Pattern : Rising Wedge

Length : 36 Candles

Detail : Rising Wedge identified at 01-Jul-12:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 106.7990 within the next 2 days. (Supported by RSI above 60)

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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