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After testing 108.5090 numerous times, USD/JPY has finally broken through. Can we expect a bearish trend to follow?

The breakout of USD/JPY through the 108.5090 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of USD/JPY to test 108.3375 within the next 19 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.

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GER30 is quickly approaching 13179.5000. We expect either a breakout through this line, or a rebound.

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EUR/USD Target Level: 1.1155

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