FTSE 100 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If FTSE 100 continues in its current trajectory, we could see it reach 8461.6231 within the next 3 days.
Supported by Upward sloping Moving Average
Target: 8461.6231 Entry: 8320.93 Stop: 8242.2
DAX 40 is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or
The price of USDJPY in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that