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Dec 06

TECHNICAL ANALYSIS BY NSFX 06.12.2013

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High:  Low: 

The pair today regained area 102 after yesterday retracement. The first support still 101.5 and below it 100.65. In case the Yen should gain ground against the greenback the 200SMA and the demand line generated the 2nd of April remain the most important support. If the cross rate should continue its uptrend and will breakout a multiyear top at 103.64 the pair will likely reach in a short time frame 107 and then 110.

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