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A quick move expected on UK100 as it starts approaching a resistance line of a Rising Wedge

UK100 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 2 days. 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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USD/JPY is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.

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We expect NZDUSD to trend downwards today with a 75% chance.

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