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Breach of support could mean a start of a bearish trend on FRA40

FRA40 has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we expect the price of FRA40 to test 5357.3835 within the next 7 days. 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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Support line breached by Lean Hogs DECEMBER 2019. This price has been tested at least twice before.

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After testing 1.2346 numerous times, GBP/USD is once again approaching this price point. Can we expect a bullish trend to follow?

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