We use cookies to give you the best possible experience on our website. By continuing to browse this site, you give consent for cookies to be used. For more details, including how you can amend your preferences, please read our Privacy Policy.
More Info Accept

Technical Analysis: USD/JPY 2012.03.27

March 27, 2012 10:48

  The pair is consolidating below 83.00, so we look for additional declines towards the 79.75-80.00 support area, right where the 50-Day SMA resides, or lower ahead of the 78.10-78.50 support area, right where both the 100-Day SMA and the 200-Day SMA reside. Any recovery is expected to be capped ahead of 84.00. However, a break and consolidation above 84.00 would allow testing the 85.50 resistance.     Edward Smith, technical analyst of company Admiral Markets.   At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory. 

Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.