EURJPY facing bullish pressure, potential for further upside

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Trading Recommendation

Entry: 122.542

Reason for Entry: Ascending trend line, 61.8% fibonacci retracement and 61.8% fibonacci extension

Take Profit: 123.345

Reason for Take Profit: 78.6% fibonacci retracement

Stop Loss: 121.962

Reason for Take Profit: Horizontal overlap support, 38.2% fibonacci retracement

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