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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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AUDJPY close to ascending channel resistance and broke below trendline support

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Trading Recommendation

Entry: 70.777

Reason for Entry: Ascending trendline resistance

Take Profit : 69.535

Reason for Take Profit: Graphical overlap, 61.8% Fibonacci retracement

Stop Loss: 71.214

Reason for Stop loss: Ascending channel resistance, 100% Fibonacci extension

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