EUR/JPY daily chart, November 24, 2016

EUR/JPY Forecast November 24, 2016, Technical Analysis

The EUR/JPY pair initially fell on Wednesday but found enough support just below to turn things around as the 118 level now looks to be somewhat supportive. This is a market that of course is a little bit extended so I would anticipate that we should get some type of pull back soon. With this, I think that you have to look at it as value, and take advantage of it as such. I have no interest in selling this market, as I believe it is significantly supported all the way down to at least the 116 handle.