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Big movement expected on Jpmorgan Chase & Co. after a breach of 119.86

Jpmorgan Chase & Co. has broken through a line of 119.86 and suggests a possible movement to 118.59 within the next 13 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.

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