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Nov 04

TECHNICAL ANALYSIS BY NSFX 04.11.2013

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High:  Low: 

The pair is trading today below the 21SMA at 157.2.  If selling pressure should continue then the cross rate could test 156.72.  and just below it the 55EMA at 156.39. The short term bearish target would be 154.6. In case GbpJpy should rise would be important to break resistance 158.32 to convince new buyers to test 159.84.

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