USDJPY 2018-08-13

Posted on

USDJPY managed to fell below support 110.50 which may add more drop ppressure toward test 108.10-30 support as we see over the chart

As long as market holding below 111.10 the chance for continues drop toward 108.10-30 is possible especially if market managed to hit any daily close below 110.00

Above 111.10 a chance for farther advance is possible with another resistance at 112.15 which may restore the downtrend pressure over the pair 

  Support Resistance
Level 1 110.-10 111.10
Level 2 109.10 112.15
Level 3 108.10-30 113.00-30
(Visited 1 times, 1 visits today)

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.

- Website

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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.

© Orbex