Technical Analysis : USD/JPY 28 April 2020

Forex Technical Analysis : USDJPY

Target Level 106.9935

Date : 28 April 2020

Support Line (A) : 106.9935 – Last TP of Falling Wedge

Resistance Line (B) : 107.3225 – Last TP of Falling Wedge

Target Period : 21 hours

Interval : 1 hour

Pattern : Falling Wedge

Length : 64 Candles

Detail : Falling Wedge identified at 28-Apr-13:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 106.9935 within the next 21 hours. (Supported by Downward 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.

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