Forex Trading Library

USDJPY 2018-06-13

Technical Analysis

By Rami Abu-Draa Last updated Oct 31, 2021

USDJPY still testing resistance level 110.50-60 while Intraday levels showing support at 110.00

As long as market holding above 110.00 a chance for farther advance to test 111.20-40 zone is expected

Below 110.00 more drop toward 109.20 is expected

	Support	Resistance
Level 1	110.00	110.50-60
Level 2	109.20	111.20-40
Level 3	108.50	111.80

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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