USDJPY 2018-03-21

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As we advised yesterday and as we see over our previous chart

USDJPY managed to head for some rebound advance after market failled for several times to test 105.25-50 support zone

Market now facing resistance downtrend line around 107.00-20 which may push again for drop movement toward 105.25-50 to hold this trading zone

Above 107.20 market may head for farther advance to test 107.90 or 108.50

Below 105.25 more drop toward 104.50 and maybe 102.80 my hit the market

Support Resistance
Level 1 106.00 107.00-20
Level 2 105.25-50 107.90
Level 3 104.50 108.50
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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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