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Jun 14

TECHNICAL ANALYSIS BY NSFX 14.06.2013

By:admin

High:  Low: 

USDJPY still on the retreat after closing below the Ichimoku cloud base also with a bearish Chinkou span (the light green line), suggesting that more downside is in play. So far, the pair has found daily support at the 76.4% Fibo retracement in the short term wave from February 25th to 2013 highs at 93.78. A close below would open up for a test of 92.57 before 90.87.

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