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UK100 – approaching a price line that has been previously tested numerous times in the past

UK100 is moving towards the resistance line of a Resistance. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 14 days and may test it again within the next 2 days.

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After testing 107.6700 numerous times, USD/JPY is once again approaching this price point. Can we expect a bearish trend to follow?

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USD/CAD Target Level: 1.3015

USD/CAD Target Level: 1.3015

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