Technical Analysis : USD/JPY 4 May 2020

Forex Technical Analysis : USDJPY

Target Level 107.4990

Date : 4 May 2020

Support Line (A) : 106.6060 – Last TP of Triangle

Resistance Line (B) : 107.4990 – Last TP of Triangle

Target Period : 2 days

Interval : 1 hour

Pattern : Triangle

Length : 152 Candles

Detail : Triangle identified at 04-May-05:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 107.4990 within the next 2 days. (Supported by RSI below 40)

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.