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Mar 06

TECHNICAL ANALYSIS BY NSFX 06.03.2016

By:

High:  Low: 

The rate may develop a trading range between 111.06-114.83. A breakout above the higher side can lift UsdJpy to test 118 and then the short term supply line that is overlapped on the 200SMA in area 119.85. Beneath 111 the pair can slide to  105 and then to 104.8 to test the 200 week moving average.

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