Forex Trading Library

USDJPY 2018-03-29

By رامي أبو دراع Last updated Oct 31, 2021

USDJPY managed to head for farther advance toward second target 106.80 as we advised few days ago while market add more bonus toward 107.00

As we see over the chart, market facing resistance zone at 107.00-30 which may provide nother drop correction toward 105.25-50 zone

Above 107.30 more advance may hit the market where another resistance laying at 107.90

	Support	Resistance
Level 1	105.80	107.00-30
Level 2	105.25	107.90
Level 3	104.60	108.50-60

رامي أبو دراع

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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