USDJPY Weekly Technical Analysis (13-17 July, 2015) | July 11, 2015

Big bullish pin bar has been formed on near term support zone. 121.70 level was support for this pair. This pair tried to break this support but it failed to break this support level. This pair has closed above the support on the weekly chart. So this pair can continue bullish rally again. This pair has got back bullish momentum again. We can buy from 121.70 level if the pair take retrace on next week.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 124.53

Resistance One (R1): 123.59

Pivot Point: 122

Support One (S1): 121.06

Support Two (S2): 119.47