Those of you that are trend followers are probably eagerly watching GBPJPY to see if its latest 0.99% move continues.
The last 8 4 hour candles on LTCUSD formed a Pennant pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 95.9644.
The breakout of XAGUSD through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of XAGUSD testing 30.3054 within the next 2 days.
NAS100 is heading towards 21162.8242 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
An emerging Triangle has been detected on USDJPY on the 4 hour chart. There is a possible move towards 153.8857 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
The breakout of ETHUSD through the 3067.3601 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, ETHUSD could test 2998.1741 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
FTSE100 is heading towards 8148.8799 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
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