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Aug 23

TECHNICAL ANALYSIS BY NSFX 23.08.2013

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The pair is trading in touch with the supply line that was tested several time this summer.  A close above 99.10 will trigger many stop losses and price could go easily to test 100 and then 103.72 area; the price projection in case of the breakout of the supply line is area 106. If BOJ Governor Kuroda will disappoint the expectations of the financial community the pair could fall to 97 and to 95 area.

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