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YaKa
Feb 8, 2015 3:04 PM

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

Euro Fx/Japanese YenFXCM

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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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