USDJPY 2018-03-29

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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
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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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