EURJPY Weekly Technical Analysis (6-10 April, 2015) | April 4, 2015

Eurjpy is still below near term resistance area. 131.50 level will act as resistance for this pair. If this pair stay below this resistance, then this pair can start bearish rally again. So we need to wait for confirmation for selling from this level. We can wait for bearish candle for start selling. As this pair has bullish power now, so we must look for bearish confirmation. If it fail to hold this resistance, then this pair can start bullish rally with targeting 135 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 132.56

Resistance One (R1): 131.49

Pivot Point: 129.89

Support One (S1): 128.82

Support Two (S2): 127.22