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Resistance line breached by UK100. This price has been tested at least twice before.

UK100 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 7347.2483 may materialize within the next 7 hours.

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We expect USDCHF to trend downwards for the next 12 hours.

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

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