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A quick move expected on BTCUSD as it starts approaching a resistance line of a Channel Down

BTCUSD is heading towards the resistance line of a Channel Down and could reach this point within the next 9 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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GBP/USD Target Level: 1.2014

GBP/USD Target Level: 1.2014

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After testing the support line numerous times, UK100 is once again approaching this line. Can we expect a bearish trend to follow?

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