AUDJPY below trendline resistance and moving average. Further drop to come!

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Trading Recommendation

Entry: 68.319

Reason for Entry: Moving average resistance

Take Profit : 66.505

Reason for Take Profit: -61.8% and 61.8% Fibonacci retracement

Stop Loss: 69.231

Reason for Stop loss: End of gap, 61.8% Fibonacci extension

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