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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/JPY bounced off key support, further rise possible!

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EURJPY bounced off its support where it could rise further

Entry:122.52

Why it's good :100% Fibonacci extension*2, 61.8% Fibonacci retracement

Stop Loss : 120.84

Why it's good :50% fibonacci retracement, 100% Fibonacci extension, horizontal swing low support

Take Profit : 124.332

Why it's good: 38.2% Fibonacci retracement, 61.8% Fibonacci retracement horizontal swing high resistance

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The material has been provided by InstaForex Company - www.instaforex.com