USDJPY Weekly Analysis (27 April-1 May, 2015) | April 25, 2015

Usdjpy is looking for 118.30 support area again. We saw bearish engulfing on daily chart on this pair and then this pair is falling. 118.30 area is still good support level for this pair. This pair can pulled back from this level again. If we find any bullish candle on that level, then we can go for buy on usdjpy. We should stay on the trend. Main trend of this pair is still bullish. So we should look for buy on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 120.74

Resistance One (R1): 119.85

Pivot Point: 119.18

Support One (S1): 118.29

Support Two (S2): 117.62