Forex Trading Library

USD/JPY – 18.11.2024

By Rami Abu-Draa On Nov 18, 2024

USDJPY managed to test Intraday support around 153.80. As we see over the chart, this trend could keep the advancing towards the 157.80 target.

Below 153.80 more of a drop will be expected toward 152.60-80 zone and maybe lower.

	SUPPORT	RESISTANCE
LEVEL1	153.80	155.75
LEVEL2	152.60-80	156.75
LEVEL3	151.30	157.80

Japanese Yen (JPY)

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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