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Apr 06

TECHNICAL ANALYSIS BY NSFX 06.04.2014

By:

High:  Low: 

Friday was the only negative day of the week and if the retracement should continue UsdJpy could test 102.82 and below this level  area 100.80, a coincidence of a static support and the 200SMA. In case the uptrend will regain stability the first resistance would be the brekout of the recent high at 104.12. Above there is the static resistance at 105.3, a level that if broken could lead the pair to levels traded in September 2008.

R3
R2
R1
S1
S2
S3