EURJPY Weekly Analysis (27 April-1 May, 2015) | April 25, 2015

Eurjpy is trying to establish bullish trend. After rejecting from support area, this pair is moving up and is following a upward rally. On daily chart, we can see a spinning top on this pair. This is indecision candle. So at this moment, we can't find exact momentum of this pair. So we need to wait for confirmation before taking any trade on eurjpy. We can wait for next daily candle, if next candle is bearish, then we can go for sell and if next daily candle is bullish, then we can go for buy and target will be 131 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 131.61

Resistance One (R1): 130.46

Pivot Point: 128.95

Support One (S1): 127.8

Support Two (S2): 126.29