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Support line breached by FRA40. This price has been tested at least twice before.

FRA40 has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 12.7883 can be expected within the next 5 hours.

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Breach of support could mean a start of a bearish trend on US Treasury Bond DECEMBER 2020

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We expect BP to trend downwards today with a 70% chance.

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