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GBP/JPY broke key support, potential for further drop!

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Trading Recommendation

Entry: 142.875

Reason for Entry:

previous breakout level, 23.6% Fibonacci retracement

Take Profit : 141.020

Reason for Take Profit: horizontal overlap support

Stop Loss: 144.223

Reason for Stop loss:

horizontal swing high resistance

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