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Aug 23

TECHNICAL ANALYSIS BY NSFX 23.08.2015

By:

High:  Low: 

The rate went below the 21SMA and the 55EMA as well and might test soon the 200SMA in area 121. Below this dynamic level there is a static support at 120.41 and a violation of this level should bring UsdJpy to test 118.55.  In case the medium term bullish trendline will not be breached is likely a rally to 123.5 and then a test of the supply line. A breakout of this dynamic resistance can lift UsdJpy to 127.5.

R3
R2
R1
S1
S2
S3