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Aug 09

TECHNICAL ANALYSIS BY NSFX 09.08.2015

By:

High:  Low: 

The rate found support on the 55EMA and might test the multiyear high at 195.94. Above this level GbpJpy can test 197.5 and then reach the psychological level 200, a level traded back in August 2008. Below the 55EMA GbpJpy can slide to reach the demand line generated last April and then in area 185 there is the 200SMA.

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