USDJPY 2018-03-22

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As we advised earlier this week, as long as USDJPY holding trades below 107.00 resistance the downtrend wave will sustain to test support zone 105.25-50

Market is closing from testing support 105.25-50 where if this level managed to support market another rebound wave is expected toward 106.70 zone

Below 105.25 market may head for farther drop movement toward 104.50 and maybe expand toward 102.80

Support Resistance
Level 1 105.25 106.10
Level 2 104.50 106.70-90
Level 3 102.80 107.90
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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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