CADJPY approaching descending trendline resistance.

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Trading Recommendation

Entry: 77.090

Reason for Entry: Descending trendline resistance, 61.8% Fibonacci retracement

Take Profit : 75.936

Reason for Take Profit: 61.8% Fibonacci retracement

Stop Loss: 77.897

Reason for Stop loss: 88% and -61.8% Fibonacci retracement

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