Forex Trading Library

USDJPY 2018-10-29

Technical Analysis

By Rami Abu-Draa Last updated Jul 28, 2025

USDJPY managed to rebound as support 111.30-60 managed so far to hold the uptrend wave

Intraday levels showing chance for trading zone between support 111.30-60 and resistance 113.00

As long as market holding trades above 111.30 another rebound wave toward 113.80 and above will be expected

	Support	Resistance
Level 1	111.30-60	112.90
Level 2	109.80	113.80
Level 3	108.70	114.50

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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