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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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CAD/JPY facing bearish pressure from resistance, potential for further drop

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Trading Recommendation

Entry: 77.860

Reason for Entry: horizontal swing high resistance and 100% fibonacci extension

Take Profit: 76.383

Reason for Take Profit: horizontal overlap support, 50% fibonacci retracement

Stop Loss: 78.499

Reason for Stop loss: Horizontal swing high resistance

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