A Triangle pattern was identified on GBPJPY at 202.345, creating an expectation that it may move to the resistance line at 202.7974. It may break through that line and continue the bullish trend or it may reverse from that line.
LTCUSD is about to retest a key horizontal support level near 90.0200. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
LTCUSD is about to retest a key horizontal resistance level near 98.7500. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
The movement of FTSE100 towards 9448.3301 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 7 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
BRN/USD is heading towards the resistance line of a Channel Down. If this movement continues, the price of BRN/USD could test 62.1069 within the next 18 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
GBPJPY is about to retest a key horizontal resistance level near 202.8255. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
