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Aug 27

TECHNICAL ANALYSIS BY NSFX 27.08.2013

By:

High:  Low: 

The supply line worked well and now the support is the 21SMA. The yen is gaining not only against the greenback but also against other pairs. If the risk appetite should decrease further area  95.60 will be reached with high probability. Important as well the 200SMA dynamic support in area 95. If  buyers will be in control again the psychological level of 100 is a mandatory requirement for expect new long positions.

R3
R2
R1
S1
S2
S3