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USDJPY Weekly Technical Analysis | December 6, 2014
USDJPY broke 120 psychological level last week. Its upward rally is extended again. This pair is looking for new fresh high in the coming week. 124.24 will be next target for this pair where very strong support is waiting for this pair. This is fifth consecutive month for uptrend rally. So in technical outlook, this pair is full of uptrend. Above 120 level, this pair can remain its uptrend rally. So 120 level will be good buy zone for the buyers.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 124.15
Resistance One (R1): 122.82
Pivot Point: 120.35
Support One (S1): 119.02
Support Two (S2): 116.55
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