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FTSE 100 consistently settling in one direction. Will it continue?

Trend followers are probably eagerly watching FTSE 100 to see if its latest 5 consecutive candles continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 8 day move.

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Supports and resistances are primary concepts of technical analysis. GBPUSD is heading for an important price of 1.2980 – read about what this could mean for the future.

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