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Interesting opportunity on ADAUSD after breaking 0.7379675675675677

You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 0.6947 but consider reducing the size of your position as the price gets closer to that target.

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Supports and resistances are primary concepts of technical analysis. GBPUSD is heading for an important price of 1.3522 – read about what this could mean for the future.

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