EUR/JPY Forecast November 4, 2015, Technical Analysis

The EUR/JPY pair fell slightly during the course of the session on Tuesday, but it appears that the market is going to be comfortable just hanging about this general vicinity. We believe that the 131.50 level below is massively supportive, but at the same time the 133.50 level above is massively resistive. Ultimately, this keeps us out of this market as it looks very choppy and quite frankly not worth bothering with. However, we will obviously keep an eye on this market, as it does tend to move rapidly once it makes up its mind.