TECHNICAL ANALYSIS BY NSFX 25.01.2015
There is a lot of trading activity near the 200SMA and just below this level the double bottom at 175.78 can be considered a support. In case of a strong Japanese Yen the rate might drop to 168.03. In case of a trading range environment the bands of the range should be 175.78 and 180.84. A breakout above this level can lift the pair to test its supply line that was generated last December.