Technical Analysis : USD/JPY 7 April 2020

Forex Technical Analysis : USDJPY

Target Level 108.5531

Date : 7 April 2020

Support Line (B) : 108.5531 – 4 hours low volatility level

Resistance Line (A) : 109.1209 – 4 hours high volatility level

Target Period : 4 hours

Interval : 1 hour

Pattern : –

Length : 24 Candles

Detail : Possible bearish price movement towards the support 108.5531 within the next 4 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

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.