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Breach of resistance could mean a start of a bullish trend on FRA40

FRA40 has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we may see the price of FRA40 testing 6945.1017 within the next 6 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.

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We expect a 320 pip movement on UB for the next 12 hours.

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