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Breach of resistance could mean a start of a bullish trend on FRA40

FRA40 has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we expect the price of FRA40 to test 15.4058 within the next 8 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.

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USD/JPY is quickly approaching 108.7410. We expect either a breakout through this line, or a rebound.

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USD/JPY Target Level: 108.8980

USD/JPY Target Level: 108.8980

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