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Important support line being approached by 3m Co.. This price has been tested numerous time in the last 8 days

3m Co. is moving towards the support line of a Falling Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If 3m Co. continues in its current trajectory, we can expect it to reach 164.61 within the next 8 hours.

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USD/JPY is quickly approaching 109.7060. We expect either a breakout through this line, or a rebound.

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