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EURJPY Weekly Technical Outlook 22-28 February, 2016 | February 21, 2016



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Eurjpy is full of down trend. We should join with this down rally on this pair. After some retrace on this pair, we need to catch this falling. This pair has huge chance to fall more.


This pair has no sign for bullish. So it is not the time to go for buy on this pair. This pair can reach 120 level soon.


This pair has broken major support level at 126 level. Now 126 level can be new resistance for this pair. We can wait for retest of this level and then sell again on this pair.


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