Forex Trading Library

USDJPY 2018-04-30

Technical Analysis

By رامي أبو دراع Last updated Oct 31, 2021

USDJPY managed to sustain advance as market sustain trades above support 107.70 as we advised 2 weeks ago

Market now facing Intraday resistance at 109.50 while first support at 108.50

As long as market holding above 108.50 more advance to test 110.40-80 is expected

below 108.50 more drop to test 107.70 may hit the market which in turn may activate the uptrend again

below 107.70 more drop toward 106.60 is expected

	Support	Resistance
Level 1	108.50	109.50
Level 2	107.70	110.40-80
Level 3	106.60	111.70-80

رامي أبو دراع

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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