Technical Analysis : USD/JPY 11 May 2020

Forex Technical Analysis : USDJPY

Target Level 106.2820

Date : 11 May 2020

Support Line (A) : 106.2820 – Last TP of Channel Up

Resistance Line (B) : 107.0100 – Last TP of Channel Up

Target Period : 19 hours

Interval : 30 Minutes

Pattern : Channel Up

Length : 132 Candles

Detail : Channel Up identified at 11-May-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 106.2820 within the next 19 hours. (Supported by RSI above 60)

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.