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Jun 07

TECHNICAL ANALYSIS BY NSFX 07.06.2015

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123.72 support was tested successfully several times and then buyers lifted the rate above 125. Area 127 and then 130 will be the nearest relevant resistance.Above 130 the rate can develop a bullish wave to test 135.74, a level traded on May 2001. Below 123.72 UsdJpy can test 121.79 and then the 200SMA, now at 118.28. Below this level market sentiment will turn to neutral. The RSI indicator is overbought and the ATR, a measure of volatility, still below its 2015 high.

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