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USDJPY Weekly Technical Analysis | December 13, 2014



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USDJPY rejected from 21 EMA. 117.20-117.40 area is very good support for this pair. 21 EMA is staying at that level in daily chart. This pair is facing support at that level. So from this level, we can see bullish rally again. After sharp falling at the beginning of last week, this pair gets back its bullish momentum again. Next target will be 122 area. On the other side, below 117.20, we can see some bearish momentum in this pair.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 124.14

Resistance One (R1): 122.79

Pivot Point: 120.32

Support One (S1): 118.97

Support Two (S2): 116.50


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