USDJPY 2018-06-25

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As we advised early last week and as we see over our previous chart

Market managed to head for some retreacement toward 109.20 zone while market still facing same Short Run resistance at 111.40-70 zone

As long as market holding below this resistance zone another big drop wave will be expected toward 106.00 zone

Above 111.70 more advance to test 113.30-70 resistance will be expected

  Support Resistance
Level 1 109.20 109.80-110.20
Level 2 108.10 110.80
Level 3 106.50 111.40-70
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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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