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Big movement expected on BCHGBP after a breach of the resistance

BCHGBP has broken through a resistance line of a Falling Wedge and suggests a possible movement to 181.5596 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 18 hours.

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After testing 85.07 numerous times, American Express Co. is once again approaching this price point. Can we expect a bearish trend to follow?

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