The movement of GBPJPY towards the resistance line of a Inverse Head and Shoulders is yet another test of the
NAS100 has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 5 days and suggests a possible target level to be around 20113.2109 within the next 13 […]
BRN/USD has broken through a resistance line. It has touched this line numerous times in the last 20 days. This breakout shows a potential move to 77.2471 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
After posting 4 consecutive bearish candles in 5 days, you may start considering where ETHUSD is heading next, a continuation of the current downward trend, or a reversal in the previous direction.
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The price of FTSE100 in heading in the direction of 8258.4414. Despite the recent breakout through 8208.1201 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
GBPJPY moved through the support line of a Triangle at 197.16957142857143 on the 1 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 196.4769.
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