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May 02

TECHNICAL ANALYSIS BY NSFX 02.05.2015

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High:  Low: 

The rate this year is trading in a 1000 pips trading range and last week failed to rise above the higher band of the range. In case it should win this static resistance GbpJpy can test 187 and then the 2014 top at 189.5. In case of a bearish scenario before to reach the lower band of the range at 175.35  the rate can test area 179.5, a level where are positioned the most relevant moving averages, and then 177.

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