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JPN225 – approaching a price line that has been previously tested numerous times in the past

JPN225 is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 5 hours.

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We may be expecting a $49,191 movement on ES within 2 hours following the event release at 07 Jun 04:30.

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USD/JPY experienced a very large 2 days bullish move to 132.947

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