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PYPL formed a Falling Wedge on the 4 hour chart. Retest of resistance in sight.

The movement of PYPL towards the resistance line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

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We expect a 147 pip movement on USDJPY for the next 12 hours.

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DAX 40 is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

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