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Dec 16

TECHNICAL ANALYSIS BY NSFX 16.12.2015

By:

High:  Low: 

USDJPY is trading a new session highs and looking to move away from both the 100 and 200 day MAs. The daily MACD cut below 0, which is a sell signal, and after reaching the 38.2% retracement, we would not be surprised if it continued to the 50% retracement level 119.96.

R3
R2
R1
S1
S2
S3