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Lambert: EURJPY downside to come

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June 12, 2015 clive, clive futuretechs, clive lambert, clive lambert futurestechs, currencies, currency, currency pair, currency pairs, currency trade, currency trading, eur, eurjpy, euro, eurozone, future techs, futures, futurestechs, fx, fx forex, fx market, fx markets, fx saxo bank, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, japan, japanese yen, lambert, lambert traders tale, saxo, saxo bank, saxo bank forex, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, saxowebtrader, trade, trade idea, trade ideas, trade view, trader, trader idea, traders, traders tale, traders tale clive lambert, traders tale saxo tv, trades, trading, trading currencies, trading floor, trading floor saxo tv, trading fx, trading idea, trading platform, trading risks, trading strategy, trading tips, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor trades, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom, yen
Clive Lambert from FuturesTechs is looking to sell EURJPY as he thinks recent charts suggest there is some downside to come.

He says EURJPY last week and this has failed at 141.00, which is a really big Fibonacci level. If EURJPY now breaks 138.43, Lambert says there should be a downside reaction, which could be swift.

His targets for the trade are 137.00 and 136.60. He is working a 50 tick trailing stop on the trade.

This is a technical trade, based purely on the charts, and the biggest risk to the trade is any news coming out of the Greece story that positively affects EUR.