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Sep 04

TECHNICAL ANALYSIS BY NSFX 04.09.2013

By:admin

High:  Low: 

The pair has been taking home decent gains in the last four out of five days, with price action being capped at the 38.2% Fibo retracement in the waven from 2013 highs to June lows at 99.95 - just ahead of the psychological 100-level. The outlook remains positive as the pair has taken out the daily Cloud, indicating a positive market, confirmed by the Tenkan-Sen being above the Kijun-Sen and the Chikou-Span is above the price. A close above 100 would target 100.43 before 100.66 in the short term.

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