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EURJPY Technical Analysis (16-20 February,2015) | February 14, 2015
Eurjpy is near to potential support zone. 135.00-135.20 area was resistance for this pair. Now this level is acting as potential support level. So it will be important area for this pair. We need to wait for breakout of this level for taking sell entry. If we can see any pin bar or rejection candle on this level, then we need to take buy entry. So our recommendation is to wait for breakout or bullish candle from this key support area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 138.38
Resistance One (R1): 136.84
Pivot Point: 135.25
Support One (S1): 0133.71
Support Two (S2): 132.12
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