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JPN225 – breach of a trending resistance line that has been tested at least twice before.

JPN225 has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 8 days and suggests a target line to be around 29116.1121 within the next 2 days.

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We expect a $0 movement on 6E within 48 hours following the event release at 18 May 06:00.

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