Eur/jpy

109.8 Could potentially put the brakes on this thing for a little while.

Level to keep an eye on.

 

chart -

 

Red lines are other levels. Not a suggestion

 

Short @ 109.79. Stop above 110.15 for a swing. 36 pip risk.

 

15 min looks game. If it breaks, stop on 1/2 the position will be moved to B/E.

Initial target is 109.30 for 49 pips.

 

Out +25 on the remaining 1/2. Still needs to break L-T support.

 

Looks like it should hold .....

 

109.3 target hit.

 

FIRE! There's a FIRE!

 

114 is the current target..
However next 1-3 months we would be going around 120-125 zone.