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Jan 04

TECHNICAL ANALYSIS BY NSFX 04.01.2015

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High:  Low: 

The rate last Friday could not make a breakout above its short term dynamic resistance but closed nearly its intraday high. If it should rise above the supply line UsdJpy could test 125 and then 127. Below both the 21SMA and the 55EMA the rate will test the static support at 115.56, and only below this level the bullish uptrend might evolve in an intermediate trading range.

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