Technical Analysis : USD/JPY 8 April 2020

Forex Technical Analysis : USDJPY

Target Level 109.3820

Date : 8 April 2020

Support Line (A) : 108.5060 – Last TP of Rising Wedge

Resistance Line (B) : 109.3820 – Last TP of Rising Wedge

Target Period : 2 days

Interval : 1 hour

Pattern : Rising Wedge

Length : 148 Candles

Detail : Rising Wedge identified at 08-Apr-12:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 109.3820 within the next 2 days. (Supported by Upward 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.