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EURJPY Weekly Technical Analysis | December 6, 2014



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EURJPY is near to touch its psychological 150 level. This pair entends its bullish rally last week. It is also near to very good resistance area. In monthly chart, some rejection was happened from that level. Now it will be key level for this pair. For further extend of the bullish rally, it needs to break 150 area. Then this pair will get some free space to move high. So we need to observed that level.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 151.14

Resistance One (R1): 150.18

Pivot Point: 148.60

Support One (S1): 147.64

Support Two (S2): 146.06


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