EUR/JPY approaching support, potential bounce!

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Trading Recommendation

Entry: 120.0051

Reason for Entry: 100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support

Take Profit : 120.6125

Reason for Take Profit: Horizontal overlap resistance, 61.8% Fibonacci retracement

Stop Loss: 119.6574

Reason for Stop loss::

horizontal swing low support, 76.4% fibonacci retracement

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