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Sep 17

TECHNICAL ANALYSIS BY NSFX 17.09.2013

By:admin

High:  Low: 

The pair has retraced slightly from the top, but technical scenario still calls for further upside following the Ichimoku Cloud formation. Daily, we are seeing an ascending triangle, where a breach of the highs would open up for a test of the 2009 highs at 139.22 in the mid term. Short term, the pair has resistance at last week's high at 133.37 before the August top at 133.79. Support at the Tenkan-Sen at 131.63 before the 50-day SMA/Kijun-Sen at 131.08.

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