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A quick move expected on GBP/USD as it starts approaching a resistance line of a Triangle

GBP/USD is heading towards the resistance line of a Triangle and could reach this point within the next 6 hours. It has tested this line numerous times in the past, and this time could be no different from the past, 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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FRA40 is quickly approaching 5687.5000. We expect either a breakout through this line, or a rebound.

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JPN225 – approaching a support line that has been previously tested at least twice in the past

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