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Sep 28

TECHNICAL ANALYSIS BY NSFX 28.09.2015

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The rate failed to rise above its 200SMA and can test the short term demand line. Below this level the pair can slide to 118.5 and then 117. Above 121.5 UsdJpy can gain momentum and test the medium term supply line that links lower highs generated last June. The ATR(14), a measure of volatility, is off its 3 month high.

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