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JPN225 – approaching a price line that has been previously tested numerous times in the past

JPN225 is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 32 days and may test it again within the next 6 days.

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We expect a $220 movement on AUDUSD within 12 hours following the event release at 28 Feb 08:00.

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