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

USD/CHF has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 21 days and suggests a possible target level to be around 0.9215 within the next 5 days.

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After testing resistance twice in the past, JPN225 has finally broken through. Can we expect a bullish trend to follow?

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Important price line breached by BCHGBP. This price has been tested numerous times before.

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