USDJPY Weekly Technical Analysis (22-26 June, 2015) | June 20, 2015

Usdjpy is fighting with 200 EMA at 122.50 level. This is also good support for this pair. On daily chart we can see long legged pin bar which indicates sell signal on this pair. After that pin bar this pair is falling. On h4 time frame, this pair has rejected near 100 ema at 123.30 level. So overall bias for this pair is down. Now we can wait for breakout of support 122.50. We can sell on this pair below 123.30 near term resistance area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 125.15

Resistance One (R1): 123.91

Pivot Point: 123.19

Support One (S1): 121.95

Support Two (S2): 121.23