USDJPY Weekly Technical Analysis (1-5 June,2015) | May 30, 2015

Usdjpy is moving up continuously after breakout 122 resistance. This pair is full of bullish power. We can expect more bullish movement on this pair. We need to wait for retrace, then we can ride on this upward rally. Next target for this pair can be 126 area. Usually when this pair makes breakout of any range area, then it starts moving up strongly as we can see on the chart.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 126.35

Resistance One (R1): 125.24

Pivot Point: 123.34

Support One (S1): 122.23

Support Two (S2): 120.33