EURJPY Weekly Technical Analysis (20-24 April, 2015) | April 18, 2015

Eurjpy had pulled back from its support area. Pin bar was formed on that level and started bullish rally again. We suggested to buy from support area in our previous analysis. Now this pair is following that pin bar. It has still strength for bullish movement. We can look for buy entry on this pair. 128.50 will be minor support for this pair. If it can break this level, then it can go up again. Next strong support area lies on 131.30 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 130.39

Resistance One (R1): 129.4

Pivot Point: 127.74

Support One (S1): 126.75

Support Two (S2): 125.09