Technical Analysis : USD/JPY 15 May 2020

Forex Technical Analysis : USDJPY

Target Level 107.7690

Date : 15 May 2020

Support Line (A) : 106.7760 – Last TP of Rising Wedge

Resistance Line (B) : 107.7690 – Last TP of Rising Wedge

Target Period : 2 days

Interval : 4 hours

Pattern : Rising Wedge

Length : 58 Candles

Detail : Rising Wedge identified at 14-May-20:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 107.7690 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

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.