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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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GBP/JPY approaching support, big potential bounce coming!

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Price is approaching our first support level.

Entry : 137.65

Why it's good : Horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 136.29

Why it's good : 100% Fibonacci extension

Take Profit : 139.61

Why it's good : 50% Fibonacci retracement, horizontal overlap resistance, 100% Fibonacci extension

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