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Dec 16

TECHNICAL ANALYSIS BY NSFX 16.12.2013

By:

High:  Low: 

After the resistance in area 103.60 the Japanese Yen gained ground against the Usd and the first valid support can be at 102.46 and below it there is the static support at 101.50. In case the pair should increase above the double top (a price level left in 2008) the next target should be 107 and then 110.

R3
R2
R1
S1
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S3