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A quick move expected on JPN225 as it starts approaching a support line of a Falling Wedge

JPN225 is heading towards the support line of a Falling Wedge and could reach this point within the next 15 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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US Treasury Bond JUNE 2019 has broken through support of a Rising Wedge. It has touched this line at least twice in the last 6 days.

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USD/JPY Target Level: 109.8900

USD/JPY Target Level: 109.8900

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