Forex Trading Library

USD/JPY – 10.01.2025

By Rami Abu-Draa Last updated Jan 13, 2025

USDJPY managed to pass above the first resistance of 157.85 which could mean a further advance on the market.
As we see over the chart and as long as the market holds above 157.30, a chance for another advance to test 159.45 is likely, which could then lead to a correction.
Above 159.45 more advance could hit the market.

	SUPPORT	RESISTANCE
LEVEL1	157.30	159.45
LEVEL2	155.95	161.95
LEVEL3	154.90	163.00

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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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