Technical Analysis : USD/JPY 9 July 2020

Forex Technical Analysis : USDJPY

Target Level 106.5848

Date : 9 July 2020

Support Line (A) : 107.2475 – Last TP of Triangle

Resistance Line (B) : 107.7910 – Last TP of Triangle

Target Period : 3 days

Interval : 4 hours

Pattern : Triangle

Length : 66 Candles

Detail : Triangle has broken through the support line at 09-Jul-00:00. Possible bearish price movement forecast for the next 3 days towards 106.5848. (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.