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Aug 02

TECHNICAL ANALYSIS BY NSFX 02.08.2015

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High:  Low: 

The pair might test soon the supply line that links lower highs generated 2 months ago. A breakout above this level can lift UsdJpy to test the multiyear high at 125.86 and then 130. Below the 55EMA, in area 123, the rate can find support in area 122 and then 120.36, a double support formed by the 200SMA and the spike of the 3 month low.

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