Forex Trading Library

USDJPY 2018-05-21

By رامي أبو دراع Last updated Oct 31, 2021

USDJPY managed last week to hit target 110.40-80 zone

Market managed to hit above 110.80 which may activate farther advance to test Short-Run resistance zone at 111.80 – 112.20 zone

Market facing support at 110.70 and 110.00 where as long as market holding trades above 110.00 more advance toward 111.80 will be on hand

Below 110.00 more drop toward 108.60 may hit the market

	Support	Resistance
Level 1	110.70	111.80-112.20
Level 2	110.00	112.60
Level 3	108.60	113.40

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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