Ian Coleman from Frist 4 Trading is looking into buying EURJPY this Tuesday. Coleman explains there's a medium term bias to the down side and will remain bearish, but he expects there could be an intraday rally.  He says that over the last three sessions negative influences have dominated price action, although losses have been limited.

The bespoke support is located at 137.39 and Coleman is trading within a Corrective Channel formation. The trend line resistance is located at 137.72. The prime trade today is to buy on a dip at 137.42 with a stop at 137.15 below intraday channel base. The target levels are at 138 and 138.43 where the medium-term bias gets flipped to the down side once more.