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Technical Analysis: USD/JPY

The pair broke below the 200-Day SMA, thus confirming declines ahead of...

 

 
The pair broke below the 200-Day SMA, thus confirming declines ahead of the 75.55-76.00 support area over the medium-term. Any recovery should be capped by the 200-Day SMA. However, a break and consolidation back above the 200-Day SMA would trigger a bullish resumption towards the 100-Day SMA by 80.00.
 
 

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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