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Sep 22

TECHNICAL ANALYSIS BY NSFX 22.09.2015

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As it is seen on the 4 hours charts and USD has dropped today on active cross-buying in JPY and near term downside risk remains for the retreat from yesterday's high off 120.66 to extend weakness towards 119.50, however, if our view that low has been formed at 119.05 last week is correct, downside should be limited to 118.80 – 119.24.

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