GBP/JPY approaching resistance, potential drop!

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Trading Recommendation

Entry: 142.875

Reason for Entry: breakout level

Take Profit : 1.27253

Reason for Take Profit:

38.2% Fibonacci retracement, horizontal swing low support

Stop Loss: 144.223

Reason for Stop loss:

Horizontal swing high resistance, 61.8% Fibonacci retracement

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