EURJPY Weekly Technical Analysis (4-8 May, 2015) | May 2, 2015

Eurjpy is continuing its bullish rally. It has broken several resistance level. Without any retrace, this pair is flying toward upside. So this pair is now on full of bullish momentum. We can stay on bullish side on this pair. Target for buy will be next resistance level at 136-136.50. If this pair take little retrace, then we can go for buy on it. On daily chart, we can see 200 ema. This moving average can be resistance for this pair. So for trading on this pair, we need to look at this ema. Overall this pair is on bullish momentum and so we need to stay on bullish side.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 139.20

Resistance One (R1): 136.86

Pivot Point: 132.93

Support One (S1): 130.59

Support Two (S2): 126.66