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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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GBPJPY holding above trendline support! Further rise expected!

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Trading Recommendation

Entry: 134.708

Reason for Entry: Moving average support, 23.6% Fibonacci retracement, ascending trendline support

Take Profit: 136.354

Reason for Take Profit: -27% Fibonacci retracement, 200% Fibonacci extension

Stop Loss: 133.710

Reason for Stop Loss: 50% Fibonacci retracement

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