Technical Analysis : USD/JPY 3 March 2020

Forex Technical Analysis : USDJPY

Target Level 107.3740

Date : 3 March 2020

Support Line (A) : 107.3740 – TP of Channel Down

Resistance Line (B) : 108.5250 – TP of Channel Down

Target Period : 2 days

Interval : 1 hour

Pattern : Channel Down

Length : 130 Candles

Detail : Channel Down identified at 03-Mar-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 107.3740 within the next 2 days. (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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