USDJPY 2018-04-10

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USDJPY still trying to hold uptrend rebound correction which still tryig to test resistance 107.80-90 zone

As we see over the chart 107.90 may push for a drop correction toward 105.25-65 zone

Below 106.60 more signals for more drop toward 105.25-65 may hit the market

The other scenario which may hit the market in case of market broke above 107.90 which may give the current rebound correction more momentum to give more advance toward 108.50 and 110.00

  Support Resistance
Level 1 106.60 107.90
Level 2 105.25-65 108.50
Level 3 104.60 110.00
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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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