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Technical analysis of EUR/JPY for November 3, 2015

General overview for 03/11/2015: 08:30 CET

The market keeps trading in a tight congestion zone just around the weekly pivot at the level of 132.81. This situation might last up to the Friday US data on non-farm payrolls, so any waves evolving into more complex corrections should not be surprising.

Support/Resistnace:

131.58 - Intraday Support

131.75 - WS1

132.82 - Weekly Pivot

133.73 - Intraday Resistance

133.70 - 133.92 - Demand Breakthrough Zone

Trading recommendations:

Day traders should refrain from trading until a clearer trading setup occurs.

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