Skip to content Emerging Rising Wedge detected on GBPJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 189.49 and it is expected to move to 190.4123.
A strong resistance level has been breached at 213.2650 on the 30 Minutes GBPJPY chart. Technical analysis forecasts a move to 214.1400 within the next 16 hours.
BRN/USD is approaching the line at 114.2960. If this move continues, the price of BRN/USD could test 114.2960 within the next 12 hours. But do not rush to trade. It has tested this line many times in the past, so the move could be short-lived and end in a rebound.
FTSE100 was identified around 10236.7 after recently rebounding off the resistance on the 4 hour interval. Ultimately, the stock’s price action has formed a Channel Down pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 9981.8896.
LTCUSD is moving toward a resistance line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 8 days and may test it again within the next 2 days.
XAUUSD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 18 days and may test it again within the next 3 days.
A rare candlestick sequence was recorded on the ETHUSD Daily chart, ending at 2346.6900.
S&P500 has broken through a line at 7214.6802. If this breakout holds, we could see the price of S&P500 move toward 7178.7388 within the next 7 hours. However, don’t be too quick to trade. It has tested this line many times in the past, so confirm the breakout before placing any trades.
