Technical Analysis: USD/JPY 2012.04.20

April 20, 2012 10:54

  The pair is trading above the 50-Day SMA and in a short-term could continue the uptrend towards the 84.00 level, with a break above to allow testing the 85.50 resistance. Meanwhile, a break back below the 50-Day SMA could trigger a new decline towards the 100-Day SMA by 79.35 or the 200-Day SMA by 78.25.     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.

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