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Big movement expected on JPN225 after a breach of the support

JPN225 has broken through a support line of a Pennant and suggests a possible movement to 28033.3205 within the next 8 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 36 days.

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

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