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After testing the support line numerous times, BCHJPY is once again approaching this line. Can we expect a bearish trend to follow?

The movement of BCHJPY towards the support line of a Triangle is yet another test of the line it reached numerous times in the past. We expect this line test to 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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NZD/JPY Target Level: 68.8750

NZD/JPY Target Level: 68.8750

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US30 is quickly approaching the resistance line of a Rectangle. We expect either a breakout through this line or a rebound.

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