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Aug 29

TECHNICAL ANALYSIS BY NSFX 29.08.2013

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The pair today just bounced back from the 55EMA, the symmetrical triangle trading space is reduced to less than 300pips.  That is territory only for scalpers and day traders. Fund managers will take a decision soon, when the pair will take a path. On the upside the final target is 110.50 and in case the Yen should gain 92.15 is the level obtained through a long period MA.

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