USDJPY Weekly Technical Analysis (20-24 April, 2015) | April 18, 2015

Usdjpy showed respect on resistance at 120.50 area. This pair hold that resistance and fall last week. Now this pair is going to important support area at 118.30 area. This area will be very critical for this pair. If this pair hold this area, then it can go up again. We can look for buy entry on this level. If we find good bullish candle on this level then we will get buy signal and target will be 120 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 121.69

Resistance One (R1): 120.28

Pivot Point: 119.42

Support One (S1): 118.01

Support Two (S2): 117.15