EURJPY Weekly Technical Analysis (11-15 May,2015) | May 9, 2015

Eurjpy is facing 200 ema on daily chart, We can see rejection on this pair on 200 ema. This moving average is very good resistance area for this pair. So if this pair can break this ema and then we can expect more bullish movement on this pair. If it fail to break that moving average then it can start falling again. So we need to wait for confirmation for taking any entry on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 137.33

Resistance One (R1): 135.78

Pivot Point: 134.44

Support One (S1): 132.89

Support Two (S2): 131.55