Forex Trading Library

USDJPY 2018-05-09

By Rami Abu-Draa Last updated Oct 31, 2021

Dollar/Yen managed to hold trades above support 108.50-60 where market managed to add more advance

Intraday Levels showing first support at 109.25-35 where as long as market holding above more advance toward target 110.40-80 zone still on hand

Below 109.25 the risk for farther drop may hit the market where support at 108.50-60

	Support	Resistance
Level 1	109.25-35	110.00
Level 2	108.50-60	110.40
Level 3	107.70	110.80

Rami Abu-Draa

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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