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EURJPY Weekly Technical Analysis | December 13, 2014
EURJPY formed bullish signal at 21 EMA. After 300+ pips fall, this pair got support from 21 EMA in daily chart. 146.30-146.40 is acting as good support for this pair. It rejected from that support. This pair is full of uptrend. After some retracement this pair is start bullish rally again. Next target will be 150 key resistance area. If this pair can break that key area, then we can see more bullish rally in this pair. On the other side, below 146.30, this pair can go 145.50 area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 151.05
Resistance One (R1): 150.11
Pivot Point: 148.57
Support One (S1): 147.63
Support Two (S2): 146.09
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