Forex Trading Library

USDJPY 2018-05-14

By Rami Abu-Draa Last updated Oct 31, 2021

Dollar/Yen still holding trades above short-run support 108.60 where as long as market keep holding above this support the target will sustain toward 110.40-80 zone

Below 108.60 a chance for farther drop to test 107.70 is available while below 107.70 more drop toward 106.00 will be expected

	Support	Resistance
Level 1	109.15	110.00
Level 2	108.60	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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