TECHNICAL ANALYSIS BY NSFX 10.05.2015
UsdJpy is trading inside its 3 months range 121.82 and 118.39. Both 21SMA and 55EMA are flat and might provide fake signals of momentum. Below the multiple bottom 118.39 the rate can test its 200SMA, now at 116.67 and below it can test 112. A breakout above 121.82 can lift the rate to 125 and then 127.