Technical Analysis : USD/JPY 2 March 2020

Forex Technical Analysis : USDJPY

Target Level 107.7535

Date : 2 March 2020

Support Line (A) : 107.7535 – TP of Channel Down

Resistance Line (B) : 108.3665 – TP of Channel Down

Target Period : 17 hours

Interval : 15 Minutes

Pattern : Channel Down

Length : 213 Candles

Detail : Channel Down identified at 02-Mar-12:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 107.7535 within the next 17 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

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.