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Jan 11

TECHNICAL ANALYSIS BY NSFX 11.01.2015

By:

High:  Low: 

The rate made a pullback after it went below 180.89  and then found support on the medium term demand line. Below 179.3 the pair might drop to 176.2 and then below its 200SMA it might test 172. If GbpJpy should rise again above 180.89 it might test its 55EMA and then the supply line that links lower highs generated last December.

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