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Jul 25

TECHNICAL ANALYSIS BY NSFX 25.07.2015

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High:  Low: 

The pair is trading close the supply line that links lower highs and a breakout above this level might lift the rate to test the multiyear top in area 125.89 and then above this area UsdJpy might test  130. Both 21SMA and 55EMA are near 122.9 and below this level the rate can slide to test 120.68. Below this area market sentiment might turn negative and the pair might reach 118.25.

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