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Important support line being approached by UK100. This price has been tested numerous time in the last 8 days

UK100 is moving towards the support line of a Falling Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If UK100 continues in its current trajectory, we can expect it to reach 7136.5000 within the next 2 days.

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USD/JPY is quickly approaching 109.1400. We expect either a breakout through this line, or a rebound.

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EUR/USD Target Level: 1.1123

EUR/USD Target Level: 1.1123

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