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A quick move expected on GER30 as it starts approaching a resistance line of a Channel Up

GER30 is heading towards the resistance line of a Channel Up and could reach this point within the next 2 days. 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 is approaching the support line of a Support. It has touched this line numerous times in the last 16 days.

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