You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1872.8254 but consider reducing the size of your position as the price gets closer to that target.
An emerging Channel Up has been detected on GBPJPY on the 4 hour chart. There is a possible move towards 196.0009 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
The movement of NAS100 towards 19515.0234 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 17 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
LTCUSD is heading towards a line of 86.0700. If this movement continues, the price of LTCUSD could test 86.0700 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
BRN/USD is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 8 days. If it tests this line again, it should do so in the next 20 hours.
Emerging Falling Wedge pattern in its final wave was identified on the NGC/USD 4 hour chart. After a strong bearish run, we find NGC/USD heading towards the upper triangle line with a possible resistance at 3.8037. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
EURUSD has breached the resistance line at 1.0897. It may continue the bullish trend towards 1.0934, or, it may prove to be yet another test of this level.
A strong resistance level has been identified at 8771.7402 on the 4 hour FTSE100 chart. FTSE100 is likely to test it soon.
