USDJPY 2018-04-02

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As we see over our previous chart and as we advised last week

USDJPY managed to retreat from 107.00-30 resistance where market managed to hit 106.12 low last Friday

As long as market keep holding trades below 107.00-30 another drop correction toward 105.25-50 zone will be expected

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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