Skip to content An emerging Descending Triangle pattern in its final wave has been identified on the GBPJPY 30 Minutes chart. After a strong bearish run, GBPJPY is heading toward the upper triangle trendline, with possible resistance at 207.4598. If the support holds, the Descending Triangle pattern suggests a rebound toward current levels.
FTSE100 is heading toward 10305.5098 and could reach this level within the next 17 hours. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.
A Rising Wedge pattern was identified for BRN/USD at 69.774, suggesting it may move toward the support line at 69.1426. It may break through that line and continue the bearish trend, or reverse from it.
This trade setup on XAGUSD formed after a period of consolidation, during which the price moved mostly sideways before choosing a longer-term direction. Following the bearish breakout through support, the price could move toward 77.5370.
The latest report on the Cryptocurrency Market Growth & Trends by Grand View Research predicts that the global crypto market
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