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GBP/USD – approaching a price line that has been previously tested numerous times in the past

GBP/USD is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 7 days and may test it again within the next 23 hours.

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ETHJPY has broken through resistance of a Falling Wedge. It has touched this line at least twice in the last 2 days.

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We expect EURUSD to trend downwards for the next 2 hours.

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