EURJPY Weekly Technical Analysis (25-29 May,2015) | May 24, 2015

Eurjpy has rejected from 200 simple moving average on H1 time frame. It has also broken 133.90 near term support level. So it can continue its bearish rally. But we need to wait for some correction and then we can look for sell on this pair. 134.60 area is good for selling. On h4 time frame, rejection bearish candle was formed and then it has started down. Daily candle is also suggesting to stay on sell side on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 138.04

Resistance One (R1): 135.89

Pivot Point: 134.8

Support One (S1): 132.65

Support Two (S2): 131.56