Technical Analysis: USD/JPY

The pair is trading in a range below the 77.00 level, so we still see the risks of retesting the...

The pair is trading in a range below the 77.00 level, so we still see the risks of retesting the 76.00 low, with a break below to reach the 75.00 level. Only a clear break above the 77.70 resistance would confirm the uptrend towards the 50-Day SMA by 78.50.

Edward Smith, technical analyst of company Admiral Markets.

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