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Breach of resistance could mean a start of a bullish trend on GBP/USD

GBP/USD has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we expect the price of GBP/USD to test 1.2869 within the next 18 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.

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We expect a 33 pip movement on USDCAD for the next 12 hours.

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SPX500 is quickly approaching 3080.7500. We expect either a breakout through this line, or a rebound.

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