Technical Analysis: USD/JPY 2012.04.17

  The pair is trading below the 50-Day SMA, so we still look for further declines towards the 100-Day SMA by 79.25 or the 200-Day SMA by 78.20. Only a break and consolidation back above the 50-Day SMA could trigger a bullish resumption towards 84.00, with a break above to 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.