USDJPY Weekly Technical Analysis (15-19 June,2015) | June 13, 2015

Usdjpy failed to continue its bullish rally last week. This pair is falling from the beginning of last week. This pair can fall more, if it can break 122.50 level. After break of this level, we can target 121.60 area. This level is very good buy zone for this pair. On the chart, we can see that this area is retesting area for taking buy entry. We can look for buy from that area and target will be 125 and then 130 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 127.03

Resistance One (R1): 125.17

Pivot Point: 123.80

Support One (S1): 121.94

Support Two (S2): 120.57