EURJPY Weekly Technical Analysis (8-12 June,2015) | June 7, 2015

After long bullish rally, eurjpy has faced resistance at 141 area. We can bearish pin bar on 141 level. It is indicating some bearish movement on this pair. If this pair can hold this resistance then it can down towards 137 area. This 137 is near term support for eurjpy. So if we find this pair on 137 area, then we can go for buy again on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 144.5

Resistance One (R1): 142.03

Pivot Point: 138.58

Support One (S1): 136.11

Support Two (S2): 132.66