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EURJPY Weekly Technical Analysis (9-13 March, 2015) | March 8, 2015



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Eurjpy has broken its several support levels due to weakness of euro. There is more chance to further down on this pair.133.50 level was important support for this pair. This level has been broken and retest again. After retest, this pair resumed its downward rally again. This pair is towards 130 level. This level will be critical level for this pair. If this pair can break 130 physiological level, then we can expect more down rally on this pair. We can find sell entry from near resistance level. 132.50 is good sell zone for this pair.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 135.85

Resistance One (R1): 133.41

Pivot Point: 132.14

Support One (S1): 129.70

Support Two (S2): 128.43


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