USDJPY 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 USDJPY continues in its current trajectory, we could see it reach 150.6582 within the next 5 hours.
Supported by Upward sloping Moving Average
Target: 150.6582 Entry: 150.084 Stop: 149.768
FTSE 100 is about to retest a key horizontal support level near 8396.9004. It has tested this level 3 times in the recent past and could simply bounce off like
DOW 30 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage
DAX 40 is heading towards a line of 19602.6992. If this movement continues, the price of DAX 40 could test 19602.6992 within the next 2 days. But don’t be so