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Sep 13

TECHNICAL ANALYSIS BY NSFX 13.09.2015

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The pair made 2 consecutive bearish spikes when it tried to rise above the 200SMA in area 121.24. In case UsdJpy will rise above this dynamic resistance it might test the 55EMA, now at 122 and then test the medium term supply line in area 125.2. A retracement below 118.5 will trigger another selling wave that is likely to test 116.2.

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