Technical Analysis: USD/JPY 2012.03.30

March 30, 2012 11:37

The pair is trading by 82.00 and in a short-term could continue declines towards the 80.00 support, right where the 50-Day SMA resides, or lower ahead of the 78.20-78.70 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.

Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.