CADJPY pulling back towards ascending trendline support

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Trading Recommendation

Entry: 79.498

Reason for Entry: 38.2% Fibonacci retracement, Moving average resistance

Take Profit: 78.042

Reason for Take Profit: 38.2% Fibonacci extension, ascending trendline support

Stop Loss: 80.000

Reason for Take Profit: 50.0% Fibonacci retracement

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