Forex Trading Library

USDJPY 2018-08-15

By Rami Abu-Draa Last updated Oct 31, 2021

USDJPY managed to jump above resistance 111.10 for the Intraday trading Levels which may provide more advance toward 112.00-15 zone as long as support 110.70 stand as we see over the chart

A tight trading zone may hold market between 110.10 and 112.15

Below 110.10 the chance for more drop toward 108.10-30 will back again

	Support	Resistance
Level 1	110.70	111.50
Level 2	110.10	112.15
Level 3	109.10	113.00-30

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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