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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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CADJPY holding above ascending trendline! Further push up expected!

analytics5f1795201b493.jpg

Entry: 79.337

Reason for Entry: Ascending trendline support, moving average support, 50% Fibonacci retracement

Take Profit: 79.734

Reason for Take Profit: Recent graphical swing high

Stop Loss: 79.232

Reason for Stop Loss: 61.8% Fibonacci retracement

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