Looking to justify trend line before falling back into support zone and then potentially breaking the trend line
Already retested against the trend line looking for an immediate sell to support zone to re retest to the trend line again.
Looking for price to go down to trend line hit support zone and then retest up to the new support zone
Looking for the price to come down to support zone and then retracting back up to verify the trend line
Price looking to meet trend line before making it's journey backdown towards the support & resistance zone
Looking for the markets to go down before a retracement takes place making ways to the trend line
Looking forward to the bears taking over this week with the GBPJPY for the trend line to be set with a possible retracement in between before going headstrong towards the trend line
With the USDZAR we can anticipate the bears looking to towards seeking the support and resistance zone before making a bullish journey onwards and upwards towards meeting the overall trend line
Due in for a buy throughout the course of the day to make it's way to validate the short trend line.
USDCHF due in for a sell to reach support and resistance zone and then make a rebound (retracement) back up to current point
Technical analysis based off trend lines potential pips total 185 pips if works in the correct manner
Technical analysis anticipated trend to meet overall downtrend over the course of the next few hours.
Anticipated fall and rise prior to news being released later this evening