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EURJPY Technical Analysis (23-27 February,2015) | February 21, 2015
Eurjpy has rejected from its support area at 133.60-133.80 area. It has also pulled back from fibo 61.8% level. It has formed a big legged bullish pin bar on that support level and fibo 61.8% level. This is good sign for buy for erujpy. We can see big bullish candle on this level on h4 time frame. So this pair has got back bull power again. Now we can expect more bullish rally on coming trading days. Next target for this pair will be 136.50 area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 137.74
Resistance One (R1): 136.58
Pivot Point: 135.06
Support One (S1): 133.90
Support Two (S2): 132.38
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