USDJPY 2018-08-15

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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
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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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