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GER30 – approaching a support line that has been previously tested at least twice in the past

GER30 is moving towards the support line of a Channel Up. 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 19 days and may test it again within the next 4 days.

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USD/JPY has broken through resistance of a Triangle. It has touched this line at least twice in the last 5 days.

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We expect RB to trend downwards today with a 75% chance.

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