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After testing the resistance line numerous times, FRA40 is once again approaching this line. Can we expect a bullish trend to follow?

The movement of FRA40 towards the resistance line of a Triangle is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, 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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USD/CAD is quickly approaching 1.3393. We expect either a breakout through this line, or a rebound.

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EUR/JPY Target Level: 123.7480

EUR/JPY Target Level: 123.7480

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