Forex Trading Library

USD/JPY –08.08.2025

By Rami Abu-Draa On Aug 8, 2025

As we advised few days ago and as we see over our previous chart

USDJPY managed to hit some rebound correction toward 147.87 while market managed to hit another dip toward 146.70 so far

As we see over the Intraday chart, market still holding trades inside this trading zone between support 145.70 and resistance 148.00-20

	SUPPORT	RESISTANCE
LEVEL1	146.60	148.00-20
LEVEL2	145.70	149.15
LEVEL3	144.20	150.45

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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