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Apr 05

TECHNICAL ANALYSIS BY NSFX 05.04.2015

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High:  Low: 

The rate last week traded in a very narrow range, in fact the Average True Range (ATR) decreased sharply to 1.3029 from 1.62. Below 176.7 the rate will find another static support at 175.4 and below this level can be triggered a fast short term selloff to 169.5 .In case GbpJpy  should rise above its 200SMA is likely a test of the medium term supply line that links lower highs generated last December.

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