USDJPY 2018-04-04

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As we advised yesterday

USDJPY managed to hit 105.65 low 2 days ago with short of 40 pips from target 105.00-25

So our model still holding the same, as long as market holding trades below 107.00-30 another drop correction to test 105.00-25 still have the chance

Above 107.30 more advance may hit the market to test 107.85-90 zone

Above 107.90 biger advance wave may hit market toward 110.50

  Support Resistance
Level 1 105.00-25 107.00-30
Level 2 104.60 107.90
Level 3 103.50 108.50
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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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