EUR/JPY Forecast November 14, 2016, Technical Analysis

The EUR/JPY pair fell on Friday, dipping below the 116 level again. However, there is a massive hammer from a couple of days ago, so we can break above the top of the candle from the Friday session I believe that the market will then reach towards the 118 handle above. As we fall, the market should show signs of support, and therefore could offer buying opportunities on short-term charts. Remember that this pair tends to be very sensitive to the risk appetite of the world, so pay attention the stock markets as they tend have a positive correlation.