Technical Analysis : USD/JPY 8 May 2020

Forex Technical Analysis : USDJPY

Target Level 107.4990

Date : 8 May 2020

Support Line (A) : 105.9875 – Last TP of Channel Down

Resistance Line (B) : 107.4990 – Last TP of Channel Down

Target Period : 2 days

Interval : 4 hours

Pattern : Channel Down

Length : 57 Candles

Detail : Channel Down identified at 07-May-12:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 107.4990 within the next 2 days.

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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