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Feb 08

TECHNICAL ANALYSIS BY NSFX 08.02.2015

By:

High:  Low: 

The rate made a triple bottom at 175.7 and then soared nearly 600 pips above the 180.89 resistance. Next resistance is the supply line generated from the 2014 top. A breakout of this dynamic resistance could lift the rate to area 190. In case the pair will retrace below both the 200SMA and the static support at 175.7 the framework of GbpJpy  could turn negative.

R3
R2
R1
S1
S2
S3