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FRA40 is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

FRA40 is heading towards the support line of a Channel Down. If this movement continues, we expect the price of FRA40 to test 5169.5000 within the next 3 days. But don’t be so quick to trade, 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.

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USD/CHF has broken through the support line of a Support. It has touched this line numerous times in the last 5 days.

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GBP/JPY Target Level: 129.5730

GBP/JPY Target Level: 129.5730

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