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A final push expected on FRA40 as it starts approaching a price line of 5110.5000.

FRA40 is heading towards a price line of 5110.5000 and could reach this point within the next 9 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 lines.

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After experiencing a 9.35% bearish move in the space of 20 hours, nobody knows where BCHGBP is headed.

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