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Resistance line breached by Wal-Mart Stores. This price has been tested at least twice before.

Wal-Mart Stores 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 148.98 may materialize within the next 2 days.

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We expect GBPUSD to trend downwards today with a 75% chance.

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