FxWirePro: EUR/JPY resumes slide, slips below 133 handle, good to buy dips

EUR/JPY was rejected at 133 handle, and has resumed its downside momentum to currently trade at 132.76

• The pair hit session lows at 132.26 post-BOJ policy, staged a remarkable recovery to 133.21 before resuming slide
   
• The Japanese currency experienced wild swings on both sides after BOJ's policy meeting was uneventful, with the C.bank staying pat
   
• However, further downside in EUR/JPY remains cushioned as expectations for BoJ to downgrade the assessment of Japan's CPI and GDP forecasts may keep JPY gains restricted 

Recommendation: Good to buy EUR/JPY dips around 132.50, SL: 131, TP: 133.20
Resistance Levels:

R1: 133.20 (Trendline resistance)

R2: 133.90 (Double top Oct 26th, 27th)

R3: 133.98 (Daily Tenkan)

Support Levels:

S1: 132.48 (4h Tenkan)

S2: 132.21 (session lows)

S3: 132 (psychological level)