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Technical Analysis: USD/JPY

The pair dropped below the 100-Day SMA, thus confirming additional declines towards the... 

 
The pair dropped below the 100-Day SMA, thus confirming additional declines towards the 50-Day SMA by 76.90 or the 75.50 low. However, a break back above the 100-Day SMA could trigger a rebound towards the 200-Day SMA by 79.75.
 
 

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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