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A quick move expected on UK100 as it starts approaching a support line of a Channel Up

UK100 is heading towards the support line of a Channel Up 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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After testing resistance twice in the past, NAS100 has finally broken through. Can we expect a bullish trend to follow?

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USD/CHF Target Level: 1.0074

USD/CHF Target Level: 1.0074

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