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Sep 20

TECHNICAL ANALYSIS BY NSFX 20.09.2013

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High:  Low: 

The pair is on its way to reach resistance 162, a multiple top where GbpJpy traded the last time in 2009. A retracement to 158.47 or 156.72 would be considered entry points on pullback instead of profit taking area.  Short sellers will build bearish position only if a reversal pattern will be in formation or only below 153.58.

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