USDJPY 2018-08-06

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As we advised in the last 2 weeks

Market managed to test support uptrend line around 110.50-60 which if managed to hold the market another advance wave may be on play where resistance still at 113.30-70 zone

As we see over our new chart, Market facing Intraday support aaround 111.10 which if managed to support market more advance toward our adjusted target 1113.00-30 is expected

Below 110.50 more drop may hit the market toward 109.10

  Support Resistance
Level 1 111.10 111.60-70
Level 2 110.50-60 112.15
Level 3 109.10 113.00-30
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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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