Technical Analysis : USD/JPY 5 March 2020

Forex Technical Analysis : USDJPY

Target Level 106.8480

Date : 5 March 2020

Support Line (A) : 106.8480 – TP of Falling Wedge

Resistance Line (B) : 107.7415 – TP of Falling Wedge

Target Period : day

Interval : 4 hours

Pattern : Falling Wedge

Length : 26 Candles

Detail : Falling Wedge identified at 05-Mar-13:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 106.8480 within the next day. (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.

– Risk and volatility information.