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Feb 19

TECHNICAL ANALYSIS BY NSFX 19.02.2016

By:

High:  Low: 

A major topping pattern has completed in USDJPY. The pair move below the 38.2% retracement of the move up from the Feb 11 low at the 113.37. Narrow range but more bearish technically USDJPY has tested the 200 hour MA three times over the last few days in what has been a down to sideways market.

R3
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R1
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S3