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Home / Analysis / Forex Analysis / FET Facing Rejection at Key Supply – Continuation or Breakdown?

FET Facing Rejection at Key Supply – Continuation or Breakdown?

FET broke out of the falling wedge, but the move is now facing clear rejection at a key resistance and near FVG zone.

The breakout lacked strong follow-through, and with bearish divergence on RSI, momentum is fading right at resistance. This increases the probability of a fakeout rather than a confirmed reversal.

If price continues to reject this zone, a move back inside the structure could lead to a deeper pullback toward 0.13 and potentially 0.09.

For now, this looks like a weak breakout attempt. Confirmation is still missing, and sellers are not done yet.

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