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A quick move expected on UK100 as it starts approaching a resistance line of a Channel Up

UK100 is heading towards the resistance line of a Channel Up and could reach this point within the next 22 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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After testing the resistance line numerous times, BTCUSD is once again approaching this line. Can we expect a bullish trend to follow?

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Important resistance line being approached by NZD/USD. This price has been tested numerous time in the last 5 days

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