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Big movement expected on FRA40 after a breach of the support

FRA40 has broken through a support line of a Channel Up and suggests a possible movement to 4881.8565 within the next 7 days. 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 30 days.

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Resistance line breached by JPN225. This price has been tested at least twice before.

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