USDJPY Weekly Technical Outlook (4-8 May, 2015) | May 2, 2015

Usdjpy has pulled back from support area again. This pair has got back its bullish power again. Now it is looking forward for more bullish movement in the coming days. Now it is facing little resistance area on 120.30-120.50 area. If this pair can break this level, then we can go for buy with targeting 121.50 area. We can take buy from retrace in this pair. Buy zone for this pair is 119.20-119.40 area. This level will be good zone for buy and target will be 121 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 121.42

Resistance One (R1): 120.77

Pivot Point: 119.63

Support One (S1): 118.98

Support Two (S2): 117.84