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JPN225 – approaching a support line that has been previously tested at least twice in the past

JPN225 is moving towards the support line of a Rising Wedge. Because we have seen it retrace from this line before, 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 8 days and may test it again within the next 2 days.

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After testing 1.2138 numerous times, GBP/USD has finally broken through. Can we expect a bullish trend to follow?

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There is a 66.67% chance of GBPUSD trending downwards

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