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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 23.02.2016
HIGH: | LOW:
USDJPY opened the last week at 113.67 and touched a high of 114.87, testing resistance at 114.65. We are currently at 112.58. The pair is printing new session lows and looking likely to continue their slow grind lower.
TECHNICAL ANALYSIS BY NSFX 23.02.2016
HIGH: | LOW:
What we will use as a barometer is the shooting star from 2 weeks ago, so we can break above there we are more than willing to start buying the Aussie at that point in time as it would suggest a perhaps we are trying to break out to the upside.
TECHNICAL ANALYSIS BY NSFX 23.02.2016
HIGH: | LOW:
Oil market initially rallied during the course of the last week, but struggled just below the 35.00 level to turn things back around and form a bit of a shooting star. Oil stayed in the consolidation pattern from 16.15 last week and outlook is unchanged.