USDJPY Weekly Technical Analysis (6-10 April, 2015) | April 4, 2015

After breaking 119.40 level, this pair fell rapidly during NFP news. This pair is near to important support area. 118.30 level is still strong support for this pair. We can go for long from that support area. When we will get any bullish confirmation on that level, then we can take buy entry and target will be 120 area. In daily chart, we can see that this pair faced resistance 120.40. If this pair break this resistance, then bullish rally would be accelerated and next target would be 122 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 120.96

Resistance One (R1): 119.94

Pivot Point: 119.32

Support One (S1): 118.30

Support Two (S2): 117.68