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Oct 25

TECHNICAL ANALYSIS BY NSFX 25.10.2013

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The pair is testing the demand line in area 97. If should trade below this level, after it went below the 200SMA this week,  UsdJpy would accelerate its drop to 95.85 first, and then to 93.75. In a bearish scenario the target price should be in area 90.90-90.70. In the scenario the pair should bounce from the dynamic support then the first key price is the 200SMA at 97.51 and then 98.30.

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