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Aug 30

TECHNICAL ANALYSIS BY NSFX 30.08.2015

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The rate made a bullish spike at 115.9 and then rose above its 200SMA. Next resistance area 121.9 and above this level the supply line that links lower highs. A breakout above this level can lift the rate to test 130.  Below 118.45 UsdJpy should test again 115.9 and beneath this price area the long term framework will turn negative and the rate can test 110 in a short time frame. The RSI indicator is above 30 now and the ATR increased to its 2015 high.

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