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AUDJPY posts a candle close below ascending trendline support! Further drop to come!

analytics5e97cb7410944.jpg

Trading Recommendation

Entry: 68.166

Reason for Entry: ascending trendline resistance

Take Profit : 66.486

Reason for Take Profit: 61.8% Fibonacci retracement

Stop Loss: 68.912

Reason for Stop loss: Graphical swing high, 61.8% Fibonacci retracement

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