Trading analysis for 12th Dec, 2013. EURJPY in DAILY chart shows bearish trend. Selling from the 2nd resistance level i.e., 142.021. Now the price above the pivot point. EURJPY try to break 1st support level but does not break. It is more important to break 1st support to identify the clear trend. If it breaks 1st support then next strong support area is 139.672.
Pivot: 141.259
Resistance levels
R1 141.609
R2 142.021
R3 142.371
R4 142.720
Support levels
S1 140.847
S2 140.497
S3 140.085
S4 139.672


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