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May 24

TECHNICAL ANALYSIS BY NSFX 24.05.2015

By:

High:  Low: 

The pair is close to test its multiple top in area 121.90. This level also is a multiyear high and a breakout is likely to lift the rate to 125 and then to 130.  Below 118.3 UsdJpy can test its 200SMA, now at 117.55 and then the lower side of the rectangle at 115.9.  The ATR still close to its 6 month low and the RSI is near  the overbought level.

R3
R2
R1
S1
S2
S3