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After testing the resistance line numerous times, UK100 is once again approaching this line. Can we expect a bullish trend to follow?

The movement of UK100 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 6 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

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10 year US Treasury Note SEPTEMBER 2019 – breach of a trending resistance line that has been tested at least twice before.

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AUD/USD – approaching a price line that has been previously tested numerous times in the past

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