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Oct 10

TECHNICAL ANALYSIS BY NSFX 10.10.2013

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Technical analysis is not a science, after Tuesday trading session the probability of a strong Yen were quite high but happened the small probability event, the pair went from 96.64 to 97.73 and triggered many stop losses of short positions. Now the nearest test is at 98.28 and above this area there is the supply line in area 99.7. If sellers should get back in control then the first support would be in area 97 and then 95.5.

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