EURJPY Weekly Technical Analysis (13-17 April, 2015) | April 11, 2015

Eurjpy is near to support area now. Major support is staying at 127 level. This area will be critical for this pair. With the breakout of this support, this pair can down more. If this pair form any bullish candle on daily chart, then it can go up and target will be 131. Earlier in this week, this pair has rejected from resistance level 131.30. We suggested to sell below this level in our previous analysis. After rejection from that level, this pair got back bearish power again. So if this pair maintain this bearish power then it can fall further and target will be 125 and then 120 area.


Signal Service: Premium Membership (Signal Subscription), real time update, opening and closing notifications via twitter, email and whatsApp, daily market update with chart analysis, free profitable forex strategy. For premium membership subscription click here

For free forex signals, click here



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7938

Resistance One (R1): 0.7692

Pivot Point: 0.7560

Support One (S1): 0.7314

Support Two (S2): 0.7182