EURJPY Weekly Technical Analysis (23-27 March,2015) | March 22, 2015

Eurjpy is staying below resistance area. 130-50-130.80 level is good resistance level for this pair. If this pair can hold this level, then this pair can down again. Last friday, this pair has rejected from that level. In h4 chart, this pair is showing down continuation again. So below this resistance level, we can expect down rally on this pair. On the other hand, if this pair can break this resistance then we can expect bullish movement. So for bullish confirmation we need to wait for successful breakout.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 134.14

Resistance One (R1): 132

Pivot Point: 129.57

Support One (S1): 127.43

Support Two (S2): 125