EURJPY Weekly Technical Outlook (16-20 March, 2015) | March 14, 2015

Eurjpy's rapid falling continued last week. It broker 130.00 support level. So this pair can down more. If this pair hold this level, then we can target 125.00 area. We can take sell entry on this pair. We should wait for retrace for taking sell entry on this pair. 129.10 area is good selling zone. For finding retrace, we need to use fibo level. When we will get any bearish pattern, then we need to sell and target will be 125 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 133.68

Resistance One (R1): 130.53

Pivot Point: 128.71

Support One (S1): 125.56

Support Two (S2): 123.74