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Feb 22

TECHNICAL ANALYSIS BY NSFX 22.02.2015

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GbpJpy closed just above the supply line generated last December and might test 187 and then 189.63, the 2014 top. Above this level the rate might rise to 195. Both 21SMA and 55EMA are in area 181 and below this level the rate can slide to 175.36, the static support tested several times. The RSI indicator is not overbought yet, and volatility is off its 3 month high.

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