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GER30 – approaching a resistance line that has been previously tested at least twice in the past

GER30 is moving towards the resistance line of a Channel Up. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 7 hours.

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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 a $0 movement on 6A within 4 hours following the event release at 05 Sep 12:15.

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