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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?

The movement of UK100 towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 4 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

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We expect GBPUSD to trend downwards today with a 80% chance.

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