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Aug 31

TECHNICAL ANALYSIS BY NSFX 31.08.2014

By:

High:  Low: 

The rate found resistance in area 104.1 but did not retrace that much thus is likely that price might rise above this level. Then the pair should test the multiyear top at 105.46. A breakout of this level will lift UsdJpy to 108. Below 103.4 the rate can drop to 102.3 and then test again the static resistance at 100.79.

R3
R2
R1
S1
S2
S3