/ 

Aug 16

TECHNICAL ANALYSIS BY NSFX 16.08.2015

By:

High:  Low: 

The rate made a breakout of the supply line generated in the fourth quarter 2014, followed by a pullback  that has to validate completely the bullish pattern. EurJpy might test 141 then 147. Area 155 can be considered the price projection of the pair, a price calculated using Tom DeMark price extensions. Below the medium term bullish trendline the rate might test 133 and then its 2015 low 126.13

R3
R2
R1
S1
S2
S3