USDJPY Weekly Technical Analysis (6-10 July, 2015) | July 4, 2015

Usdjpy has retested from 122 level. We can see pin bar candle on 122 area. This pin bar suggest to start bullish momentum on this pair. Above this support zone, we can see more bullish rally on this pair. We can wait for 122 level for taking buy entry on this pair. On this level, when we will find bullish sign then we can go for buy and target will be 123.50 and then 125 level.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 124.54

Resistance One (R1): 123.6

Pivot Point: 122.77

Support One (S1): 121.83

Support Two (S2): 121