EURJPY - Below 132, there is a large space lower.

FX:EURJPY   Euro / Japanese Yen
220 0 4

There is definitely opposite forces playing in eur/jpy             ( QE competition).

Which one win is unclear.

One thing is clear though: in the range covered in the last 20 years, there's a lot of space available to the downside.

And, the top at 150 is matching an important mark on the long term chart.

I would not trade it locally as i have too much trades in place already but would not be surprised if it goes lower.

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