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FTSE 100 – breach of price line that’s been previously tested numerous times before

The price of FTSE 100 in heading in the direction of 8326.7842. Despite the recent breakout through 8252.7197 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

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We expect a 39 pip movement on ZC for the next 48 hours.

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USDJPY is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 4 days.

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