GBPJPY holding above trendline support! Further rise expected!

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Trading Recommendation

Entry: 134.708

Reason for Entry: Moving average support, 23.6% Fibonacci retracement, ascending trendline support

Take Profit: 136.354

Reason for Take Profit: -27% Fibonacci retracement, 200% Fibonacci extension

Stop Loss: 133.710

Reason for Stop Loss: 50% Fibonacci retracement

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