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Mar 30

TECHNICAL ANALYSIS BY NSFX 30.03.2014

By:

High:  Low: 

On Friday the pair could rose above both the 21SMA and the 55EMA and the next resistance could be at 103.9. Above this level there is the multiple top at 105.44. A correction will bring UsdJpy to test the static support at 101.21 first and then area 100.65. Below this level is likely a retracement to 98.87.

R3
R2
R1
S1
S2
S3