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Aug 28

TECHNICAL ANALYSIS BY NSFX 28.08.2013

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Today the pair is recovering slightly from yesterday, but now the targets seem to be the demand line and the 200 SMA. There is a compression of volatility now but volatility statistically has cycles, and thus when it will explode a move of 10yen-15yen is likely to be seen. In this case projection on 103, 107, 110 on the upside and to 93.70 ,90 and 85 in case of a strong Yen scenario.

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