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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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GBP/JPY is approaching its resistance, potential reversal!

Price is approaching a key resistance at 145.73 where it could potentially reverse to its support.

Entry : 145.73

Why it's good : horizontal swing high resistance, 61.8% fibonacci retracement, 100% fibonacci extension

Stop Loss : 146.36

Why it's good : 78.6% Fibonacci retracement

Take Profit : 145.01

Why it's good : 38.2% fibonacci retracement, horizontal pullback supportanalytics5cca553ceb2ef.png

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