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EURJPY Weekly Technical Outlook | December 20, 2014
EURJPY formed some inside bars. This pair is now staying with 200 pips range. Highest point of this range is 147.02 and lowest point is 144.96. Within this range, we can see some inside bars. So it is not safe to take entry within this range. With the breakout of this range we can take entry. With the break in upside above 147.02, we can take buy entry and target will be 149. With the break in downside below 144.96, we can take sell entry and target will be 144.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 149.69
Resistance One (R1): 147.87
Pivot Point: 146.41
Support One (S1): 144.59
Support Two (S2): 143.13
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