FRA40 has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 11 days and suggests a target line to be around 5523.5096 within the next 2 days.
FRA40 – breach of a trending support line that has been tested at least twice before.
