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

Usdjpy hold its support and start bullish rally. Now it is facing resistance at 120.45-121.70 area. If this pair holds this resistance area, then it can fall down. Last friday this pair start falling and this fall can continue for some time. With little risk we can sell on this pair. As this pair is full of up trend, we should look for buy entry on it. From near term support area, we can take buy entry. 119.70 is near term buy zone.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 121.83

Resistance One (R1): 121

Pivot Point: 119.9

Support One (S1): 119.07

Support Two (S2): 117.97