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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 Falling Wedge chart pattern. If this breakout holds true, we expect the price of FRA40 to test 5679.2867 within the next 9 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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After testing support twice in the past, USD/JPY has finally broken through. Can we expect a bearish trend to follow?

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